Nestled at 13 Hinewai Street, Otorohanga, this charming 3-bedroom residence exudes a touch of the 1930s with its wood construction walls and iron roof. It stands on a freehold land of 789 square meters with an easy/moderate rise contour, offering a serene environment in a quiet cul-de-sac. The property features a floor area of 103 square meters, a single carpark, and has undergone partial refurbishment, including a modern kitchen with a 1.5 wall oven and double glazing in the living areas. The capital value has seen a significant increase of 62.83% from $304,000 in August 2019 to $495,000 as of October 2022. The latest sale history includes transactions in 2018 for $240,000 and in 2005 for $60,500. HouGarden AVM estimates the property’s worth at $500,000. This home is perfect for DIY enthusiasts looking to add their personal touch to a property rich in potential.
With a CV increase that outpaces the market, this property is not just a home but a sound investment. The current owners are highly motivated to sell, presenting a golden opportunity for the discerning buyer.
Educationally, the property falls within the catchment of Otorohanga South School, a full primary with a decile rating of 4. The convenient location provides easy access to the CBD, local amenities, and public transport, making it an ideal blend of comfort and connectivity.
Updated on September 13, 2024