28 Merrin Avenue, Otorohanga, Otorohanga

Nestled at the end of a quiet cul-de-sac on 28 Merrin Avenue, Otorohanga, this freehold property is a charming residential dwelling built in 1955. It boasts three bedrooms, a combined kitchen and dining area, a separate lounge, and a bathroom with both shower and bath facilities. The average-conditioned fibrous cement walls and iron roof sit atop a level contour, covering a floor area of 102sqm and a generous land area of 1313sqm. The property includes a single carpark, an inside laundry, and a standalone double garage with additional outside room potential.

Since August 2019, the Capital Value (CV) has seen a substantial increase of 54.5%, from $220,000 to the current $340,000. The HouGarden AVM estimates the property's value at $315,000, making it an attractive investment with a promising growth trajectory. The recent sale history and CV growth reflect the potential of this property as a sound investment opportunity.

For families with children, the property falls within a desirable school zone. It's approximately 500 meters from a local Primary School, which is convenient for families seeking top-notch education facilities. This property not only offers a peaceful living environment but also a strategic investment in a sought-after school district.

Updated on December 13, 2024