3 Shale Court, Cromwell, Otago

Located in the heart of Cromwell, Otago, 3 Shale Court is a testament to meticulous renovation and design prowess. This freehold property, with its brick walls and tile roof, spans 112 square meters over a generous 603 square meter land area. Built in the 1970s, both the wall and roof conditions are rated as good, complementing its level property contour. The residence boasts three bedrooms, an updated bathroom with a separate toilet, a single carpark, and additional features such as a reading nook or office space, a modern open plan kitchen/dining area, and a dedicated internal laundry.

From a financial perspective, the property has seen a significant capital value increase from $540,000 in September 2019 to $680,000 in October 2022, marking a 25.93% growth. The latest sale on January 22, 2024, was at $790,000, surpassing the HouGarden AVM of $650,000. This growth trajectory underscores the property's increasing market value and investment potential.

In terms of education, the property falls within the zone for Goldfields School (Cromwell), which is a contributing school with a decile rating of 8. This highlights the quality of education available in the vicinity, making it an ideal location for families.

Updated on April 06, 2024.