15 Ray Street, Cromwell, Otago

Nestled in the heart of Cromwell, Otago, the property at 15 Ray Street is a testament to classic design and enduring quality. This residential dwelling boasts 2 bedrooms, 1 bathroom, and 1 carpark, spread over a generous floor area of 92 square meters. The freehold property sits on a substantial land area of 564 square meters, featuring a level contour that complements its serene surroundings. Constructed in 1960, the house has stood the test of time, with its concrete walls and iron roof both in good condition, ensuring a sturdy and reliable home for its occupants.

The property's financial trajectory has been impressive, with its capital value appreciating from $550,000 in September 2019 to $690,000 by October 2021, marking a 25.45% increase. This growth is underscored by a HouGarden AVM estimate of $675,000 and a recent sale price of $650,000 on December 8, 2023, highlighting the property's solid market value and investment potential. The substantial land area further adds to its allure, offering ample space for expansion or landscaping endeavors.

Education is a cornerstone of the Cromwell community, and 15 Ray Street falls within the zone of Cromwell Primary School, a contributing school with a high decile rating of 9. This proximity to quality education ensures that families have access to excellent learning opportunities, making this property not just a house, but a home with a bright future.