Cobham Crescent, Omakau, Otago

Nestled on a private and serene quarter-acre lot in the heart of Omakau, Otago, this residential bare block is a promising investment opportunity. It boasts an easy-to-moderate rise contour, with the convenience of being within walking distance to Omakau School, the town centre, and the popular rail trail. This freehold property, with unknown wall and roof construction, presents a clean slate for potential development. Currently valued at $771,000 according to the latest government valuation, it also carries a HouGarden AVM of $775,000, indicating a healthy property market sentiment. The latest sale in the area was for $700,000, highlighting a competitive pricing strategy.

With a capital value that has been increasing at a steady pace, this property is priced to sell. The absence of a roof or floor area details suggests a blank canvas for your dream home. The property's CV has shown a significant growth percentage over the years, making it an attractive prospect for investors and homebuyers alike.

For families with children, the school zone is a significant highlight. The local schools, including Omakau School, boast impressive decile ratings, ensuring a quality education for young ones. This affordable residential section is not only an investment in property but also in a promising future.

Updated on September 18, 2024