29 Otara Street, Ilam, Christchurch

Nestled at 29 Otara Street, Ilam, Christchurch, this charming residential dwelling on a freehold title was built in 1940. The property boasts two bedrooms, one bathroom, and an expansive living area with French doors opening to a northwest-facing deck. The brick exterior and tiled roof are both in average condition, sheltering an 85sqm floor area on a levelled 618sqm section. Notably, the property has seen a significant Capital Value increase of 45.45% from $550,000 in 2019 to the current $800,000 as per the latest government valuation. The HouGarden AVM estimates the property's worth at $780,000, while the latest sale history shows a progression from $402,000 in 2009 to $451,000 in 2013.

For families, the property is a gem, sitting within the highly sought-after school zones of Burnside High School, Cobham Intermediate, and the decile 10 St Patrick's School, among others. This addresses both quality education and investment potential. The blank canvas of a section presents a unique opportunity to create a personalized outdoor haven.

Whether you seek a comfortable family home, a development opportunity, or a sound investment in a prime location, 29 Otara Street is a choice that promises satisfaction and potential.

Updated on August 29, 2024