Nestled at 25 Launceston Place, Ranfurly, Otago, this residential vacant land boasts a level contour on a freehold title. With unknown wall and roof construction, this half-acre section is currently utilized as grazing land for a horse, fully fenced and with services nearby. It offers a serene mountain view that adds to its allure.
Registered with a capital value of $110,000 as of October 2022, the property has shown a significant increase of 27.91% from its previous valuation of $86,000 in September 2019. The HouGarden AVM estimates the property's value at $107,500. The latest sale history includes a transaction of $200,000 on October 3, 2024, and $80,000 on October 25, 2019, reflecting a substantial growth in market value.
For families with children, the property falls within a desirable school zone. With a focus on academic excellence, the local schools have a favorable decile rating, ensuring a quality education for the young ones.
Updated on October 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 3 | 2 | -m2 | Year 2025 Month 01 Day 15 | $430,000 | Council approved | |
 | 0.32 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 25 | $530,000 | Council approved | |
 | 0.46 km | 4 | 150m2 | Year 2024 Month 09 Day 13 | $470,000 | Council approved | ||
 | 0.45 km | 5 | 292m2 | Year 2024 Month 08 Day 20 | $700,000 | Council approved | ||
 | 0.29 km | 5 | 260m2 | Year 2024 Month 08 Day 13 | $261,000 | Council approved |