21 Andrew Don Drive, Lake Tekapo, Mackenzie

This modern home at 21 Andrew Don Drive, Lake Tekapo, Mackenzie, is a residential dwelling built in 2019, featuring a mix of materials for the walls and an iron roof, both in good condition. The property spans a floor area of 196 square meters on a 740 square meter freehold land, boasting a level contour. It includes 5 bedrooms, a spacious living area, and 2 carparks, making it an ideal investment in the scenic Lake Tekapo area. The property is well-suited for both visitor accommodation and permanent living, offering a unique opportunity for income generation.

The government's capital value of the property has seen a steady increase, from $1,200,000 in October 2020 to $1,260,000 by July 2023, marking a 5% growth. The latest sale recorded on February 2, 2024, was at $1,130,000, showing a significant appreciation from its previous sale at $330,000 on May 17, 2017. The HouGarden AVM estimates the property's value at $1,205,000, highlighting its investment potential.

Located in a sought-after school zone, the property is zoned for Craighead Diocesan School and Roncalli College, both highly regarded institutions with decile ratings of 9 and 7, respectively. This enhances the property's appeal to families looking for quality education options.

Updated on April 05, 2024.