5a Mercury Place, Wanaka, Queenstown Lakes

Nestled in the tranquility of 5a Mercury Place, within the desirable Queenstown Lakes district, this residential ownership home unit boasts a practical layout with 3 bedrooms, 1 bathroom, and a single carpark. Constructed in 1996 with roughcast walls and an iron roof, both in good condition, this property sits on a level contour with a floor area of 160 square meters. The heat pump and wood burner in the open-plan living area ensure year-round comfort, while the fully fenced section provides safety for children and pets. Notably, the property's capital value has seen a 56.45% increase from $620,000 in July 2017 to $970,000 as of September 2021. The HouGarden AVM estimates the property's value at $960,000, with the latest sales recorded in 2015 for $480,000 and in 2007 for $405,000.

With a decile score of 10, the nearby Wanaka Primary School is a contributing factor to the property's appeal. The established garden attracts native birds, and the nearby walkway off the quiet cul-de-sac offers access to Mount Iron and local playgrounds, catering to active families. Convenience is at your doorstep with Fresh Link, Dripping Bowl Coffee Cart, B.effect restaurant/brewery, and Treehouse restaurant just a block away. This property, with its cross-lease ownership type, includes a garage with internal access and ample parking, making it an ideal lock-and-leave holiday pad, permanent residence, or investment opportunity.

Don't miss this chance to nest or invest in a property that offers privacy, convenience, and a sound investment track record.

Updated on November 25, 2024