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1 Smitham Drive, Cromwell, Otago, 3 Bedrooms, 0 Bathrooms, House

Sold: $985,000

Sold on 2024 Year 2024 Month 01 Day 11

1 Smitham Drive, Cromwell, Otago

3
157m2
561m2

Introducing a stunning 3-bedroom residence located at 1 Smitham Drive, Cromwell, Otago, boasting a perfect blend of modern design and expansive luxury. This freehold property spans 157 square meters of floor area on a generous 561 square meter land parcel. Constructed in 2021 with mixed materials for the walls and an iron roof, both in good condition, it stands as a testament to contemporary architecture. The level contour of the property complements its thoughtful design, featuring a spacious living area that seamlessly integrates with the outdoors, large double garaging, and ample off-street parking.

Since its last sale at $985,000 on January 11, 2024, the property has seen a remarkable capital value increase of 27.54% from $690,000 in September 2019 to $880,000 in October 2022. The HouGarden AVM estimates its value at $842,500, highlighting its desirability and potential for growth. This home not only offers a luxurious lifestyle with its high-end finishes, including a fireplace, heat pump, and DVS system but also represents a wise investment with its rapid appreciation in value.

Located within the Goldfields School (Cromwell) zone, which boasts a decile rating of 8, this property promises an excellent educational environment for families. The school's contributing status reflects its quality and community engagement, making this home an ideal choice for those prioritizing education. Experience the blend of style, comfort, and convenience in a sought-after location. Don't miss the opportunity to make this exquisite property your own.

Updated on April 06, 2024.

Council Data

Last update : 2024 12 18
Improvement value$450,000Increased by 16% from year 2019
Land value$430,000Increased by 40% from year 2019
CV(Year 2022 Month 10)$880,000Increased by 27% from year 2019
DeckYes
View typeNo appreciable view
ContourLevel
Land area561m²
Floor area157m²
Decade of construction2021
Title845314
Type of titleFreehold
Legal descriptionLOT 3 DP 518750
CouncilOtago
Estate descriptionFSIM,1/1,LOT 3 DEPOSITED PLAN 518750,561m2
ConstructionExternal Walls: Mixed Materials
Roof: Iron
ConditionExternal Walls: Good
Roof: Good

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Goldfields School (Cromwell)
0.61 km
Primary
1-6
Government
Co-Educational
EQI: 429
8

Property history

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For developers

Unitary plan:-
Land:561m²
Title:Freehold

Surrounding facilities

Smitham Drive Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
8 Neason Place, Cromwell
0.13 km
3
180m2
Year 2024 Month 10 Day 11
$1,050,000
Council approved
0.05 km
3
221m2
Year 2024 Month 08 Day 09
$1,200,000
Council approved
28 Olds Crescent, Cromwell
0.10 km
4
187m2
Year 2024 Month 08 Day 09
$1,100,000
Council approved
0.08 km
0m2
Year 2024 Month 07 Day 28
$425,000
Council approved
57 Olds Crescent, Cromwell
0.11 km
3
162m2
Year 2024 Month 07 Day 26
$985,000
Council approved

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