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7 Electric Place, Cromwell, Otago, 3 Bedrooms, 0 Bathrooms, House

Sold: $945,000

Sold on 2024 Year 2024 Month 07 Day 25

7 Electric Place, Cromwell, Otago

3
152m2
758m2

Embrace the opportunity to own this inviting family home, located at 7 Electric Place, Cromwell, Otago. This freehold property, built in 2017 with brick walls and an iron roof, offers 3 bedrooms, 2 carparks, and a generous floor area of 152 square meters on a level plot of 758 square meters. The capital value has seen a significant increase from $710,000 in September 2019 to $960,000 as of October 2022, reflecting a growth of 35.21%. The latest sale was recorded at $945,000 on July 25, 2024, while the HouGarden AVM estimates the property's worth at $935,000. This home is not just a haven of comfort with its heat pump and cozy fireplace, but also an investment in a desirable school zone. Goldfields School, a contributing school with a decile rating of 8, is in the vicinity, making it an ideal choice for families.

With a well-designed open-plan living space, a spacious kitchen with an island bar, and a primary bedroom oasis complete with an en-suite and walk-in robe, this residence is perfect for those who appreciate both style and functionality. The north-facing outdoor area offers mountain views and a beautifully landscaped yard, ensuring a serene escape. Don't let this chance slip by; imagine the possibilities in your new home within this charming Cromwell community.

Education takes center stage with the added benefit of being in the catchment area of Goldfields School. Ranked with a decile score of 8, it's a testament to the quality of education available in the neighborhood. This property not only promises comfort and convenience but also a bright future for your family.

Updated on August 28, 2024

Council Data

Last update : 2025 02 19
Improvement value$495,000Increased by 30% from year 2019
Land value$465,000Increased by 40% from year 2019
CV(Year 2022 Month 10)$960,000Increased by 35% from year 2019
View typeNo appreciable view
ContourLevel
Land area758m²
Floor area152m²
Decade of construction2017
Title639256
Type of titleFreehold
Legal descriptionLOT 14 DP 471226
CouncilOtago
Estate descriptionFSIM,1/1,LOT 14 DEPOSITED PLAN 471226,758m2
ConstructionExternal Walls: Brick
Roof: Iron
ConditionExternal Walls: Good
Roof: Good

Similar Properties

School zones

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

Property history

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For developers

Unitary plan:-
Land:758m²
Title:Freehold

Surrounding facilities

Electric Place Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
11 Electric Place, Cromwell
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3
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Year 2024 Month 12 Day 10
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16 Waenga Drive, Cromwell
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13 Electric Place, Cromwell
0.05 km
3
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Year 2024 Month 11 Day 04
$1,155,000
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6 Hopgood Place
0.04 km
3
1
142m2
Year 2024 Month 08 Day 29
-
Council approved

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