A lot of people do go for waxing but it isn't pain free. Now it is a small area but it's a sensitive area, it can go quite pink afterwards so I would recommend if you were to get it done to do it near the end of the day.
If you don't have much there to start with and it's not too dark I would maybe consider bleaching if it really bothers you because even though it can grow back finer it can grow back slightly darker and sometimes it's best to leave it.
If it is course and dark to start with then waxing is your best option.
Regards
Urban Oasis Spa
http://www.thespaco.com0161 8354061