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54 Molyneux Avenue, Cromwell, Central Otago, Otago, 5 Bedrooms, 2 Bathrooms, House
Sun Jul 7 13:00-13:30

For Sale by Deadline Private Treaty

54 Molyneux Avenue, Cromwell, Central Otago, Otago

5
2
290m2
1012m2
HouseListed on Wed Jun 12

Cromwell 5 Bedroom Instant appeal - Families, developers or investors

Discover the ultimate investment opportunity in Central Otago!

Nestled in a prime location, this spacious family home offers endless potential.

Step inside to discover a haven of space, with room to accommodate even the largest of families whether permanent or holidaying. This home invites you to envision the memories waiting to be made within its walls.

From cosy family gatherings to lively celebrations, there's ample space to create the life you've always imagined.

While capitalising on this thriving tourism town, the expansive five-bedroom residence is currently operating as a very successful holiday rental showing outstanding returns.

Explore the possibility of subdividing this 1,012sqm corner site with two street entrances and perfectly positioned home that should make this a simple process subject to consent. Or just enjoy the extra space and build a shed to house your toys.

Whether you're seeking a savvy investment or envisioning your dream home, this versatile property promises endless possibilities with its prime location and endless possibilities for investors, holiday makers, and homeowners alike. Contact us today for more information and to schedule a viewing!

For sale by Deadline sale closing at 1pm on the 10th July 2024 (unless sold prior)

Location

Open homes

Jul07
Sunday13:00 - 13:30

Council Data

Last update : 2024 07 03
Improvement value$230,000Reduced by -20% from year 2019
Land value$650,000Increased by 62% from year 2019
CV(Year 2022 Month 10)$880,000Increased by 27% from year 2019
DeckYes
View typeNo appreciable view
ContourLevel
Land area1012m²
Floor area290m²
Decade of construction1970
TitleOT325/210
Type of titleFreehold
Legal descriptionSEC 14 BLK LXVIII CROMWELL TN
CouncilOtago
Estate descriptionFSIM,1/1,SECTION 14 BLOCK LXVIII TOWN OF CROMWELL,1012m2
ConstructionExternal Walls: Concrete Roof: Iron
ConditionExternal Walls: Good Roof: Good

School zones

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

Property history

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For developers

Unitary plan:-
Land:1012m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.15 km
0m2
Year 2024 Month 05 Day 14
$340,000
Council approved
0.12 km
3
150m2
Year 2024 Month 04 Day 10
$1,120,000
Council approved
0.10 km
3
1
90m2
Year 2024 Month 04 Day 08
$890,000
Council approved
0.08 km
2
110m2
Year 2024 Month 03 Day 19
$745,000
Council approved
0.07 km
3
1
73m2
Year 2024 Month 03 Day 13
$648,000
Council approved

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Ref:4521283Last update:2024-07-01 13:26:08