46 Rata Street, Wanaka, Queenstown Lakes

Nestled in the esteemed Rata Street of Wanaka, Queenstown Lakes, this freehold property is a gem not to be missed. Constructed in 1989 with robust brick walls and iron roofing, the dwelling maintains a good condition both inside and out. It boasts 5 spacious bedrooms, 3 modern bathrooms, and is spread over a generous 272 square meters of floor area on a 675 square meter plot. The property includes a 2-car park, and the design caters to a comfortable family living with a light-filled upstairs living area, a cozy conservatory, and an elevated deck that frames the stunning Wanaka views.

Since 2017, the capital value has seen an impressive increase of 87.5%, jumping from $880,000 to the current $1,650,000 as per the latest government valuation. The HouGarden AVM estimates the property at $1,510,000, while the latest sales in 2024 and 2012 were recorded at $1,625,000 and $460,000 respectively, indicating a steady growth in value. This is a residence with income potential, perfect as a large family home or a holiday home with a permanent income.

For families with children, the property falls within the zone of the highly rated Wanaka Primary School, a contributing school with a decile rating of 10. The location is also within walking distance to the lake and various outdoor trails, making it an ideal blend of convenience and natural beauty.

Updated on December 11, 2024