2 Wood Lane, Otorohanga, Otorohanga

Nestled in the tranquility of a quiet cul-de-sac at 2 Wood Lane, Otorohanga, this freehold property is a charming residential dwelling built in 2021. The well-maintained brick exterior and iron roof complement the 124 square meters of floor area and the spacious 488 square meter section. The 2-bedroom home, with a modern open plan kitchen, a covered outdoor patio, and a separate toilet in the carpeted garage, also includes a single car park. The property's capital value has seen a rapid increase of 23.23% from $495,000 in August 2019 to $610,000 as of October 2022. The HouGarden AVM estimates the property's value at $592,500, while the latest sale in September 2019 was for $128,000.

With a CV growth that outpaces the norm, this property is not just an investment but a smart one. It's a gem in the rough, offering privacy with quality fencing and the potential to cultivate beautiful gardens. The location is not only peaceful but also convenient, and the property is within the Otorohanga South School zone, a full primary with a decile rating of 4.

Opportunity knocks but rarely finds a home as inviting and well-positioned as this. Hard to find, hard to fault, and easy to love, this property is ready for a new owner to call it their own.

Updated on August 22, 2024