Nestled in the serene Kawhia, Otorohanga, this 1-bedroom, 1-bathroom residential dwelling on a leasehold title offers a charming escape. Constructed in 1940 with wood walls and an iron roof, the 57sqm floor area is complemented by a spacious 1012sqm section. The property boasts an average roof and fair wall condition, set on a land with an easy/moderate rise contour. It's perfect for creating holiday memories with a view of Kawhia Harbour and ample space for outdoor activities. The property has seen a significant Capital Value increase of 62.42% from $306,000 in August 2019 to $497,000 as of October 2022. The HouGarden AVM estimates the property's worth at $460,000. Historically, this has been a sought-after holiday spot with great fishing opportunities and convenient access to local amenities, including schools.
With a CV growth that outpaces the norm, this property is not just a home but a sound investment. The recent sale history and the upcoming renewal of the 21-year perpetual lease in 2033, with the next lease review in 2024, indicate a stable and promising future for this property. The Maori lease land offers a unique ownership experience, with annual lease payments currently set at approximately $4,000.
For families with children, the school zone is a significant plus. The local schools are known for their high decile ratings, ensuring quality education for the young ones. Whether you seek a tranquil retreat or a place to raise a family, this property on Moke Street is a wise choice.
Updated on May 20, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 9.70 km | 4 | 2 | 143m2 | 2024 11 25 | - | Council approved | |
 | 5.83 km | 2 | 1 | 59m2 | 2024 11 21 | $465,000 | Council approved | |
 | 5.30 km | 0m2 | 2024 10 18 | $240,000 | Council approved | |||
10.30 km | 3 | 1 | 100m2 | 2024 09 27 | - | Council approved | ||
10.30 km | 3 | 1 | 100m2 | 2024 09 06 | $545,000 | Council approved |