60b Haerehuka Street, Otorohanga, Otorohanga

Nestled in a peaceful no-exit street at 60b Haerehuka Street, Otorohanga, this residential dwelling is a rare gem. Constructed in 1991 with robust concrete walls and iron roofing, both in good condition, the property boasts two bedrooms, a single carpark, and a floor area of 117 square meters. It's a cross-lease freehold, a type of ownership that provides both autonomy and a sense of community with a delightful neighbor.

Since August 2019, the government has valued this property at $360,000, but as of October 2022, the capital value has swiftly increased by 50% to $540,000. The HouGarden AVM estimates it at $535,000, while the latest sale history shows a transaction at $475,000 in November 2024, and another at $319,000 in May 2018, indicating a consistent growth in value.

For families with children, the property falls within the Otorohanga South School zone, a full primary school with a decile rating of 4, reflecting a good standard of education in the area.

Updated on November 20, 2024