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Sold: $9,500,000

Sold on 2024 Year 2024 Month 10 Day 04

Riverbank Road, Wanaka, Queenstown Lakes

1
50643m2

Nestled on a level plot at Riverbank Road, Wanaka, within the prestigious Queenstown Lakes district, this residential bare block boasts a freehold title. While specific details about the number of bedrooms and the floor area are not available, the property includes a single bathroom and sits on a generous land area of 50,643 square meters. The construction details of the walls and roof remain unknown, but the property's contour is flat, potentially offering ease of development.

As for its financial history, the capital value has seen a remarkable increase from $1,160,000 in July 2017 to $13,130,000 as of September 2021, indicating a growth rate of 10.32%. The HouGarden AVM estimates the property's worth at $13,010,000. Notably, the latest sale records show transactions at $9,500,000 in October 2024 and $6,500,000 in May 2013, highlighting the property's appreciating value.

In terms of the school zone, the property falls within the catchment area of Te Kura O Take Karara, a contributing school with a decile rating of 10, reflecting a high standard of education in the region.

Updated on November 07, 2024

Council Data

Last update : 2024 12 11
View typeNo appreciable view
ContourLevel
Land area50643m²
Title3818
Type of titleFreehold
Legal descriptionLOT 7 DP 300773
CouncilQueenstown Lakes
Estate descriptionFSIM,1/1,LOT 7 DEPOSITED PLAN 300773
ConstructionExternal Walls: Unknown
Roof: Unknown
ConditionExternal Walls: Unknown
Roof: Unknown
ZoningRural General Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Te Kura O Take Kārara
1.59 km
Primary
1-6
Government
Co-Educational
EQI: 411
10

Property history

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For developers

Unitary plan:Rural General Zone
Land:50643m²
Title:Freehold

Surrounding facilities

Riverbank Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.46 km
0m2
Year 2024 Month 09 Day 18
$443,478
Council approved
0.47 km
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0.51 km
0m2
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15 Rubus Street, Wanaka
0.61 km
0m2
Year 2024 Month 07 Day 15
$586,957
Council approved
0.22 km
3
212m2
Year 2024 Month 07 Day 07
$1,850,000
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