Nestled moments away from the picturesque Lake Tekapo shoreline, this 3-bedroom, 1-bathroom residential dwelling on a generous 2293m2 freehold section is a treasure trove of potential. Constructed in 1980 with iron roofing and fibrous cement walls in good condition, the property is designed for comfort with a heat pump and boasts a spacious open plan living area that flows onto an expansive entertainer's deck. The capital value has seen a 5.22% increase from $1,150,000 in October 2020 to $1,210,000 as of July 2023. The latest sales history showcases a growth from $1,100,000 in March 2022 to $1,370,000 in August 2024, with HouGarden AVM valuing the property at $1,215,000. Educationally, the property falls within the zones of the highly rated Craighead Diocesan School (Decile 9) and Roncalli College (Decile 7), ensuring quality education options for the family. This property is not just a home; it's an opportunity to invest in a slice of paradise with endless possibilities for subdivision, renovation, or development.
Boasting a prime location with easy/moderate fall contour, the property is set on a serene cul-de-sac street, offering privacy and tranquility. The substantial basement provides further scope for creativity and potential, making this property a unique gem in the heart of Lake Tekapo. Whether you choose to live in, rent out, or explore other avenues, this property holds the key to your dreams.
With a legacy of 34 years under one family's care, this property invites you to write your own chapter in its story. The lush lawn and the observation deck provide the perfect setting to enjoy the ever-changing Mackenzie country's mountain vistas and world-renowned night skies. Don't miss this chance to secure a piece of paradise with boundless potential.
Updated on October 02, 2024