68 Gradara Avenue, Otorohanga, Otorohanga

Nestled in the serene Otorohanga, 68 Gradara Avenue is a charming residence that boasts of both generosity and grace. This freehold property, built in 1950 with wood walls and iron roofing, offers 3 comfortable bedrooms, a spacious bathroom, and a single carpark. The 106sqm floor area is complemented by a 635sqm land with an easy/moderate rise contour, making it an ideal home for all. The property has seen a significant Capital Value (CV) increase of 64.06%, from $320,000 in August 2019 to $525,000 as of October 2022. The HouGarden AVM estimates the property's value at $520,000, in line with the latest sale in February 2021 for the same amount. The previous sale in February 2019 was at $325,000. With a tranquil backyard and a deck that overlooks peaceful views, this home is perfect for both family gatherings and private relaxation.

For families with children, the school zone is a significant plus. The local schools are well-rated, ensuring a quality education for your little ones. The property's CV growth and the latest sale history indicate a sound investment opportunity in a sought-after location.

Not only is the property a delight to live in, but it also holds potential for additional income with a converted sleepout in the double garage. The strategically designed parking space can fit up to 3 cars or be easily transformed back to include a sleepout while still accommodating 2 vehicles. The separate flat lawn areas provide ample space for children's activities and adult entertainment alike. This property is truly a rare find in the market at such a bargain price.

Updated on November 15, 2024