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43 Bragato Way, Cromwell, Otago, 0 Bedrooms, 0 Bathrooms, Section

Sold: $421,739

Sold on 2024 Year 2024 Month 02 Day 26

43 Bragato Way, Cromwell, Otago

572m2

Nestled amidst the vines of the esteemed Wooing Tree Estate, this residential vacant lot at 43 Bragato Way, Cromwell, Otago, offers an idyllic lifestyle in the heart of Central Otago. Embraced by a serene environment with award-winning wineries, Lake Dunstan, and the Cromwell town center within easy reach, this freehold property sits on a levelled contour with a land area of 572 square meters. While details about the roof and wall construction remain unknown, the property's potential is undeniable. The latest sale was recorded on February 26, 2024, at $421,739, closely mirroring the HouGarden AVM of $422,500. Notably, the capital value has seen a significant increase, reaching $440,000 as of October 1, 2022, indicating a promising investment growth trajectory.

As for the government valuation history, the rapid escalation in the capital value speaks volumes about the property's desirability. This, coupled with the convenient access to the Lake Dunstan Cycle Trail and the upcoming amenities like the Wooing Tree Wines' cellar door, a childcare center, and café, make this a highly sought-after address. The property falls within the Cromwell Primary School zone, a contributing school with a decile rating of 9, ensuring top-notch education for the family.

With various stages of development offering different lot sizes and price points, starting from $260,000, this opportunity is perfect for those seeking to build their dream home in a picturesque setting. Secure your future today with a 10% deposit and settle the balance upon title issuance. Don't miss out on this chance to become part of a carefully crafted neighborhood in a magical corner of New Zealand.

Updated on April 17, 2024

Council Data

Last update : 2025 01 22
View typeFocal Point Of view - Other
ContourLevel
Land area572m²
Title1098848
Type of titleFreehold
Legal descriptionLOT 308 DP 574974
CouncilOtago
Estate descriptionFSIM,1/1,LOT 308 DEPOSITED PLAN 574974,572m2
ConstructionExternal Walls: Unknown
Roof: Unknown
ConditionExternal Walls: Unknown
Roof: Unknown

School zones

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

Property history

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Unitary plan:-
Land:572m²
Title:Freehold
State houses

Bragato Way Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
27 Bragato Way, Cromwell
0.05 km
3
124m2
Year 2024 Month 10 Day 30
$905,000
Council approved
9 Sandstorm Way, Cromwell
0.15 km
3
2
148m2
Year 2024 Month 10 Day 24
-
Council approved
5 Dotterel Lane, Cromwell
0.13 km
3
131m2
Year 2024 Month 09 Day 08
$880,000
Council approved
75 Magnum Drive, Cromwell
0.11 km
3
140m2
Year 2024 Month 08 Day 30
$925,000
Council approved
0.17 km
0m2
Year 2024 Month 08 Day 19
$310,000
Council approved

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