29 Marslin Street, Alexandra, Otago

Nestled at 29 Marslin Street, Alexandra, Otago, this charming residential dwelling on a freehold title was built in 1954 with mixed materials for the walls and iron for the roof. It boasts 3 bedrooms, 2 bathrooms, and a floor area of 150 square meters, complemented by a spacious 655 square meter land area. The property features an average condition wall and roof, a level contour, and includes a sleep-out with bathroom, a separate kitchen and living area, a large fenced section for entertainment, and ample off-street parking with a single garage and carport. Notably, the capital value has seen a significant increase of 34.94% from $415,000 in 2019 to $560,000 as of 2022, with a HouGarden AVM estimate of $520,000. The latest sale was in 2015 for $270,000.

With a CV increase that outpaces the market, this property presents a promising investment opportunity. It's located in a family-friendly zone, with The Terrace School (Alexandra), a full primary with a decile rating of 8, being a key highlight of the area.

Indeed, this is a property that offers both entry-level living and income potential, set in a tranquil cul-de-sac near Otago Central Rail Trail and the popular Industry Café.

Updated on June 10, 2024