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241 Letts Gully Road, Alexandra, Central Otago, Otago, 5 Bedrooms, 3 Bathrooms, Lifestyle Property

$1,600,000

241 Letts Gully Road, Alexandra, Central Otago, Otago

5
3
3
360m2
33195m2
Lifestyle PropertyListed on Fri Dec 1
school zonePrice dropMost Popular

Alexandra Highly motivated vendors - rare Otago opportunity

Discover an extraordinary property via an impressive, gated entryway, where a winding driveway leads to a splendid home. This exceptional estate not only offers luxurious living but also incorporates a thriving high-end accommodation business.

Upon arrival, you're greeted by the owners’ accommodation, featuring a spacious, modern kitchen seamlessly connected to an open-plan lounge/dining area. This space boasts two bedrooms, a bathroom, and a separate laundry.

The guest entrance doubles as a wine-tasting area that opens to a grand dining room and adjacent guest lounge with a welcoming open fireplace. A cosy media room and underground wine cellar add to the allure of this property.

Three well-appointed guest bedrooms await, including one with an ensuite bathroom, while the other two share a bathroom - a perfect setup for accommodating families or groups traveling together, ensuring comfort and privacy for all.

Outside, an inviting dining/entertaining area overlooks a well-maintained garden and vineyard planted with Pinot Noir grapes in 1994. The estate even boasts free-range chickens and a large vegetable plot, providing fresh eggs and vegetables for all.

Plans are in place for expanding the accommodation business with standalone, self-contained units nestled within the vineyard. The property includes ample guest parking, garaging, and a spacious farm equipment barn.

Having cherished this property for nearly two decades, the current owners are ready to embark on a new journey, presenting a remarkable opportunity for visionary buyers. With immense potential for growth and a captivating setting, this property awaits new owners to elevate it to new heights.

Experience the charm and elegance of this remarkable property firsthand. Viewings are available by appointment only, so please contact us and take the first step towards owning a piece of unparalleled luxury and hospitality.

Please note - price is plus GST (if any)

**CLICK ON THE 3D ICON TO TAKE A WALKTHROUGH**

Location

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Council Data

Last update : 2025 01 15
Improvement value$1,370,000Increased by 23% from year 2019
Land value$530,000Increased by 47% from year 2019
CV(Year 2022 Month 10)$1,900,000Increased by 29% from year 2019
Land area33195m²
Floor area360m²
Decade of construction1990
Title922780
Type of titleFreehold
Legal descriptionLOT 1 DP 544608
CouncilOtago
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 544608
ConstructionExternal Walls: Roughcast
Roof: Iron
ConditionExternal Walls: Good
Roof: Good

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
The Terrace School (Alexandra)
2.57 km
Primary
1-8
Government
Co-Educational
EQI: 437
8

Property history

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Surrounding facilities

Letts Gully Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
1.95 km
0m2
Year 2024 Month 10 Day 09
$700,000
Council approved
Lot 2, Alexandra
2.86 km
-m2
Year 2024 Month 09 Day 23
-
Council approved
2.93 km
0m2
Year 2024 Month 08 Day 19
$310,000
Council approved
288 Letts Gully Road, Alexandra
0.50 km
3
190m2
Year 2024 Month 08 Day 02
$1,290,000
Council approved
111 O'Neill Lane, Alexandra
1.28 km
3
2
147m2
Year 2024 Month 08 Day 02
-
Council approved

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Ref:4521231Last update:2025-01-15 13:31:00