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57 Olds Crescent, Cromwell, Otago, 3 Bedrooms, 0 Bathrooms, House

Sold: $985,000

Sold on 2024 Year 2024 Month 07 Day 26

57 Olds Crescent, Cromwell, Otago

3
162m2
646m2

Nestled in the serene Gair Estate subdivision, 57 Olds Crescent presents a 3-bedroom, freehold property on a level contour. Constructed in 2021 with robust brick walls and an iron roof, this residence exudes modern elegance. The interior boasts an open-plan kitchen with a metallic finish, while all three bedrooms feature built-in robes, with the master bedroom enjoying an ensuite. The CV has seen a notable increase from $700,000 in 2019 to $900,000 in 2022, reflecting a growth of 28.57%. The property's latest sale was for $985,000 in 2024, following a previous sale in 2021 for $885,000. The HouGarden AVM estimates the property's value at $877,500. In terms of school zoning, Goldfields School in Cromwell is a contributing school with a decile rating of 8, ensuring quality education for the family. This home is not just a shelter but a statement of modern comfort and smart living.

With a CV increase that outpaces the market average, this property is not only an attractive investment but also a testament to the area's desirability. The latest sales figures and the HouGarden AVM provide a solid benchmark of the property's worth, making it an enticing prospect for potential buyers. The well-maintained garden and the convenience of a double internal access garage add further value to this already impressive package.

For families with children, the school zone is a significant plus. Goldfields School's high decile rating ensures that educational excellence is within reach. The combination of a comfortable modern home and a sought-after school zone makes 57 Olds Crescent a prime choice for those seeking a balanced lifestyle.

Updated on August 28, 2024

Council Data

Last update : 2025 01 15
Improvement value$475,000Increased by 18% from year 2019
Land value$425,000Increased by 41% from year 2019
CV(Year 2022 Month 10)$900,000Increased by 28% from year 2019
DeckYes
View typeNo appreciable view
ContourLevel
Land area646m²
Floor area162m²
Decade of construction2021
Title875253
Type of titleFreehold
Legal descriptionLOT 43 DP 531282
CouncilOtago
Estate descriptionFSIM,1/1,LOT 43 DEPOSITED PLAN 531282,646m2
ConstructionExternal Walls: Brick
Roof: Iron
ConditionExternal Walls: Good
Roof: Good

School zones

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

Property history

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For developers

Unitary plan:-
Land:646m²
Title:Freehold

Surrounding facilities

Olds Crescent Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
11a Quigley Crescent, Cromwell
0.17 km
3
164m2
Year 2024 Month 11 Day 14
$950,000
Council approved
0.06 km
3
221m2
Year 2024 Month 08 Day 09
$1,200,000
Council approved
28 Olds Crescent, Cromwell
0.21 km
4
187m2
Year 2024 Month 08 Day 09
$1,100,000
Council approved
10 Dawkins Street, Cromwell
0.12 km
3
130m2
Year 2024 Month 08 Day 03
$900,000
Council approved
0.15 km
0m2
Year 2024 Month 07 Day 28
$425,000
Council approved

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