7 Riverbank Road, Wanaka, Queenstown Lakes

Nestled at the threshold of Wanaka Township, while maintaining a secluded charm, stands 7 Riverbank Road. This traditional homestead boasts 4 bedrooms, 3 bathrooms, and 2 car parks, set upon a freehold title. Constructed in 1980 with mixed materials for the walls and iron for the roof, both are in good condition. The property spans 334 square meters of floor area and 11,733 square meters of land, enjoying a level contour and a generous outdoor setting with mature gardens and a BBQ area. The roof is reliable with iron construction, and the walls are well-maintained, contributing to the property's overall appeal.

As for financials, the property has seen a Capital Value (CV) of $2,200,000 as of September 2021. The HouGarden AVM estimates the value at $2,042,500, while the latest sale on May 31, 2024, was for $1,500,000, indicating a potential growth percentage. This is a lifestyle property that has also operated as Cedars B&B, offering a versatile investment for a range of buyers and a promising future within Wanaka's development.

Educationally, the property falls within a desirable school zone, ensuring access to quality education. With a rural lifestyle zone of 3.49 hectares, it's perfect for land banking, hobbies, or equestrian pursuits, making it an ideal choice for horse enthusiasts and retired farmers seeking a serene retreat.

Updated on June 19, 2024