1278 Otewa Road, Otorohanga, Otorohanga

Nestled amidst serene bushland, this idyllic family homestead on 161,100 sqm of freehold land at 1278 Otewa Road, Otorohanga, offers tranquility and impressive views. Constructed in 1960 with wood walls and iron roofing in good condition, the property features 4 bedrooms, a spacious living area with parquet flooring, a central fireplace, and a large open plan kitchen and dining space. The property includes a separate 1-bedroom unit, perfect for extended family or potential income as a bed and breakfast. With a capital value of $665,000 as of October 2022, the CV has seen a 50.45% increase since August 2019. The latest sales were $420,000 in August 2018 and $1,650,000 in November 2017, while the HouGarden AVM estimates the property at $637,500. This property is not just a home but a lifestyle choice, with potential for self-sufficiency and a rural retreat just 10 minutes from Otorohanga.

Boasting a capital value growth of 50.45% over three years, this property is a sound investment. The government's valuation reflects the increasing desirability of this lifestyle property, while the HouGarden AVM provides a current market estimate. The history of sales shows the property's potential for long-term value appreciation.

For families with children, the property falls within a desirable school zone. The surrounding schools are known for their high decile ratings, offering quality education. This combination of a peaceful setting, investment potential, and educational opportunities makes this property a rare find.

Updated on August 20, 2024