Back 5 Paterson Street
Off Market

5 Paterson Street

Abbotsford Otago

3
1
6
120 m²
932 m²
House
Bradley LeeBradley Lee, last sold this property on 11 May 2025 after 67 days on market.

Overview

Perfect First Home + Subdivision Potential

Perched on an elevated site to capture all-day sun, this well-presented 1930s bungalow offers both charm and functionality. The home features three generously sized bedrooms, a spacious living room, a separate kitchen and dining area, and a versatile utility space. Thoughtfully designed, the kitchen provides ample storage and preparation space, making meal prep a breeze. Comfort is assured year-round with a wood burner in the living room, complemented by a heat pump, a heat transfer system, good insulation, and partial double glazing. The centrally located bathroom is tidy and practical, with plenty of potential for future upgrades to add value. A standout feature of this property is its expansive section with dual street access. Zoned Residential 1, it offers exciting subdivision potential (subject to DCC approval), presenting an excellent opportunity to maximize value. Additionally, the property boasts generous off-street parking and great garaging. Whether you're looking for a fantastic family home, an investment opportunity, or development potential, this property is packed with possibilities. Viewing is essential to appreciate its full potential! TO DOWNLOAD THE PROPERTY PACK, GO TO: https://www.bradleylee.co.nz/current-listings/5-paterson-street-2

Features

3 bedrooms
1 bathroom
6 carspaces
4 open car spaces
2 garage spaces
120 m² floor area
932 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Abbotsford over the last 12 months, the estimated median property value of 5 Paterson Street is $547k.

Median value
$547k
Estimated value range
$410k - $685k
Median days on market
18
Estimated value trend
-7%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Abbotsford. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5 Paterson Street

2025
Sold
Undisclosed
11 May 2025 by Bradley Lee, of One Agency The Property Specialists Dunedin

Happy sellers in Abbotsford

93%
93% of sellers in Abbotsford reported that their sale price either exceeded or met their price expectations.

Abbotsford stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 16 reviews in Abbotsford over the last 12 months.

Local market activity for 3 bedroom houses in Abbotsford

In the last 12 months, 8 three-bedroom houses similar to 5 Paterson Street, have been sold.

This represents a 69% increase in three-bedroom houses sales when compared to the previous 12 months.

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