Nestled in the coveted Summerfields Subdivision, this 745sqm freehold section boasts a prime north/west orientation and street frontage, partially fenced with all services to the boundary. The property, with an unknown roof and wall construction, presents a unique opportunity in Cromwell's market. The capital value has seen a significant increase from $330,000 in 2019 to $465,000 as of 2022, reflecting a growth of 40.91%. The latest sale history includes a transaction of $585,000 in 2024 and $175,000 in 2016, further highlighting the property's escalating worth. The HouGarden AVM estimates the value at $445,000.
For families, the property falls within the catchment of Goldfields School, a contributing school with a decile rating of 8, ensuring quality education for the children.
Indeed, this is a rare find – a large residential section in a sought-after location, with a promising investment potential and educational amenities.
Updated on October 23, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 3 | 161m2 | Year 2024 Month 12 Day 10 | $990,000 | Council approved | ||
 | 0.08 km | 5 | 358m2 | Year 2024 Month 11 Day 30 | $975,000 | Council approved | ||
 | 0.09 km | 3 | 201m2 | Year 2024 Month 11 Day 04 | $1,155,000 | Council approved | ||
 | 0.21 km | 4 | 184m2 | Year 2024 Month 09 Day 14 | $1,020,000 | Council approved | ||
 | 0.14 km | 3 | 1 | 142m2 | Year 2024 Month 08 Day 29 | - | Council approved |