42 Te Kawa Street, Otorohanga, Otorohanga

Nestled in the tranquility of a quiet cul-de-sac at 42 Te Kawa Street, Otorohanga, this charming residential dwelling, built in 1970, offers a life of convenience and comfort. The 2-bedroom, 1-bathroom home with 2 car parks is set on a flat 930sqm section with a freehold title. The exterior boasts plastic walls in good condition and an iron roof, equally well-maintained. Inside, approximately 80sqm of living space is warmed by a heat pump, and the kitchen, recently updated with modern amenities, forms an open plan with the lounge and dining area. The property has seen a significant Capital Value increase of 63.33%, from $300,000 in August 2019 to $490,000 as of October 2022. The HouGarden AVM estimates the property's value at $455,000, while the latest sales were recorded at $270,000 in 2018 and $60,000 way back in 1988.

With a school zone rating of 4, Otorohanga South School, a full primary school, is in close proximity. This, combined with the property's excellent rental history of $450 per week, makes it an attractive investment opportunity. The expansive outdoor decking and the large two-bay garage with a workshop area offer versatility for hobbies or work-from-home setups. This rare gem with its shedding and development potential is a must-see for a wide range of buyers.

For families with children, the property falls within the catchment area of Otorohanga South School, known for its decile rating of 4. The convenient location next to the Otorohanga playcentre and bowling green further enhances the appeal of this property as an ideal family home.

Updated on May 07, 2024