2b Magnum Drive, Cromwell, Otago

Located at 2b Magnum Drive, Cromwell, Otago, this Residential - Vacant property stands on a level contour with a land area of 608 square meters. The property is under Freehold ownership, featuring an unknown roof and wall construction. Despite the lack of detailed information on the building's age and condition, its prime location in Cromwell makes it a noteworthy investment or development opportunity.

The property's capital value as of October 1, 2022, was $320,000. However, a recent HouGarden AVM estimated its value at $310,000. The property has seen fluctuating sale prices, with the latest sale recorded on February 7, 2024, at $365,000, following a previous sale on August 15, 2021, for $380,000. This indicates a dynamic market with potential for capital value growth.

In terms of education, the property falls within the zone for Cromwell Primary School, which is a Contributing school with a high decile rating of 9. This highlights the property's appeal to families seeking quality education options.

Updated on April 05, 2024.