38b Enterprise Street, Alexandra, Otago

Located at 38b Enterprise Street, Alexandra, Otago, this residential property presents a unique opportunity. It features two bedrooms, one bathroom, and one carpark, with a floor area of 80 square meters. Constructed in 1978 with concrete walls and an iron roof, both in good condition, this townhouse is a cross-lease property with a level contour. The interior has been tastefully redecorated in neutral tones, boasting a modernised kitchen and open plan living. The property also offers low maintenance gardens, a patio area, a separate single garage, and a surprisingly large, well-fenced backyard that is private and inviting.

The property has seen a significant increase in capital value, from $310,000 in September 2019 to $420,000 in October 2022, marking a 35.48% rise. The latest sale records show a transaction at $495,000 on January 29, 2024, following a previous sale at $368,000 on November 26, 2021. The HouGarden AVM estimates the property's value at $402,500.

For families, the property is zoned for The Terrace School (Alexandra), a full primary school with a decile rating of 8, ensuring quality education for children. Its convenient location near Industry Lane Café, The Rail Trail, Molyneux Grounds, and various schools/daycares makes it an attractive option for many.

Updated on April 05, 2024.