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Sold: $1,600,000

Sold on 2024 Year 2024 Month 11 Day 07

43 Lynn Lane, Bannockburn, Otago

4
229m2
1663m2

Nestled in the tranquility of 43 Lynn Lane, Bannockburn, Otago, this residential dwelling boasts a freehold title on a level plot. The modern construction, completed in 2021, features mixed materials for the walls and an iron roof, both in good condition. It offers 4 bedrooms, ample parking for 2 cars, and a spacious floor area of 229 square meters on a land size of 1663 square meters.

With a significant increase in Capital Value, from $1,120,000 in September 2019 to the current $1,660,000 as of October 2022, this property has seen a growth of 48.21%. The HouGarden AVM estimates the property's worth at $1,517,500, while the latest sales were recorded at $1,600,000 in November 2024 and $330,000 in December 2017.

For families with children, the property falls within the catchment area of Cromwell Primary School, a contributing school with a high decile rating of 9.

Updated on December 11, 2024

Council Data

Last update : 2025 01 15
Improvement value$1,070,000Increased by 50% from year 2019
Land value$590,000Increased by 43% from year 2019
CV(Year 2022 Month 10)$1,660,000Increased by 48% from year 2019
DeckYes
View typeFocal Point Of view - Other
ContourLevel
Land area1663m²
Floor area229m²
Decade of construction2021
Title785681
Type of titleFreehold
Legal descriptionLOT 1 DP 511592
CouncilOtago
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 511592,1663m2
ConstructionExternal Walls: Mixed Materials
Roof: Iron
ConditionExternal Walls: Good
Roof: Good

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Cromwell Primary School
6.38 km
Primary
1-6
Government
Co-Educational
EQI: 422
9

Property history

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For developers

Unitary plan:-
Land:1663m²
Title:Freehold

Surrounding facilities

Lynn Lane Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
90 Stone Drive, Cromwell
3.17 km
0m2
Year 2024 Month 11 Day 14
$975,000
Council approved
3.34 km
231m2
Year 2024 Month 09 Day 20
$2,310,000
Council approved
50 Lynn Lane, Bannockburn
0.54 km
4
263m2
Year 2024 Month 08 Day 22
$1,900,000
Council approved
0.89 km
3
174m2
Year 2024 Month 08 Day 14
$1,150,000
Council approved
90 Felton Road, Bannockburn
1.31 km
3
161m2
Year 2024 Month 08 Day 01
$2,035,000
Council approved

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