41 Otaki Street, Kaiapoi, Waimakariri

Discover the potential of 41 Otaki Street, Kaiapoi, Waimakariri, a classic Summerhill Stone residence built in the 1970s. This freehold property boasts 3 bedrooms, a generous floor area of 109m2, and a sprawling land area of 959m2. The house features concrete walls and an iron roof, both in average condition, and is nestled on a level section. With two carparks available, this residential dwelling is a renovation dream waiting to be realized.

Since 2019, the capital value of this property has seen a significant increase of 50%, from $360,000 to $540,000, reflecting its growing potential and desirability. The latest HouGarden AVM estimates the property's value at $530,000, while the most recent sale in January 2024 fetched $560,000, up from $472,500 in May 2023. This property's value is on a steady rise, making it an attractive investment or project.

Located in a prime area for education, the property falls within the zones of several reputable schools, including Rangiora New Life School (decile 9), Kaiapoi Borough School (decile 5), Kaiapoi High School (decile 7), Christchurch Adventist School (decile 5), and Marian College (decile 8). This makes it an ideal choice for families looking for quality education options.

Updated on March 22, 2024.