Nestled at 60 Totara Terrace, Wanaka, within the serene Queenstown Lakes, this residential dwelling on a Freehold title is a charming find. Constructed in 1970 with concrete walls and an iron roof, both in good condition, the property spans a level 455sqm with a floor area of 103sqm. It boasts 3 bedrooms, 2 carparks, and a layout that includes an open-plan living/dining area designed to capture the earliest sunrays. The property has seen a significant Capital Value increase of 66.67% from $660,000 in July 2017 to $1,100,000 as of September 2021. The HouGarden AVM estimates it at $1,052,500, while the latest sale history shows a transaction at $965,000 in September 2024, and an earlier one at $177,000 in January 1997.
With a CV growth that outpaces the market average, this property is not just an affordable first home or holiday house but also a sound rental investment. It is conveniently located in a prime area of Wanaka, close to highly-rated schools, sports facilities, and scenic walks. The established trees and shrubs in the courtyard, along with a BBQ area, promise delightful summertime experiences.
For families with children, the property falls within the zone of the Wanaka Primary School, a contributing school with a perfect 10 decile rating, ensuring top-notch education opportunities.
Updated on October 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.32 km | 2 | 50m2 | Year 2024 Month 11 Day 23 | $1,700,000 | Council approved | |||
0.49 km | 0m2 | Year 2024 Month 09 Day 10 | $580,000 | Council approved | ||||
 | 0.54 km | 4 | 227m2 | Year 2024 Month 09 Day 10 | $1,930,000 | Council approved | ||
 | 0.45 km | 2 | 1 | 79m2 | Year 2024 Month 07 Day 27 | $1,460,000 | Council approved | |
 | 0.68 km | 3 | 1 | 81m2 | Year 2024 Month 07 Day 24 | - | Council approved |