Nestled in the esteemed Summerfields Estate, this 201m2, 3-bedroom, freehold property at 13 Electric Place, Cromwell, Otago, is a gem that has seen a 47.44% CV increase since 2019, now valued at $1,150,000. Constructed in 2017 with brick walls and an iron roof, both in good condition, this home is set on a levelled 668m2 section with a double garage, electric sunshade, and outdoor water feature. The interior boasts an open plan kitchen/living, separate lounge, and a master bedroom with an ensuite and walk-in robe. The property is equipped with modern amenities such as a heat pump, DVS heat transfer, and a pallet fire. The Goldfields School (Cromwell), a contributing school with a decile rating of 8, is in the zone. The HouGarden AVM estimates the property at $1,052,500, and the latest sale history shows a transaction at $1,155,000 in 2024.
With a latest sale history of $750,000 in 2018, this property has not only appreciated in value but also in desirability, thanks to its spacious family-friendly layout and the privacy it offers in a quiet cul-de-sac with mountain views.
For families with school-age children, the property falls within the catchment area of Goldfields School, ensuring access to quality education. The school's decile rating is a testament to the high standards of education in the area.
Updated on December 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 0m2 | Year 2024 Month 09 Day 19 | $585,000 | Council approved | |||
 | 1.13 km | 4 | 184m2 | Year 2024 Month 09 Day 14 | $1,020,000 | Council approved | ||
 | 0.07 km | 3 | 1 | 142m2 | Year 2024 Month 08 Day 29 | - | Council approved | |
 | 0.21 km | 3 | 152m2 | Year 2024 Month 07 Day 25 | $945,000 | Council approved | ||
 | 0.07 km | 4 | 2 | 193m2 | Year 2024 Month 07 Day 25 | - | Council approved |