21 Edwards Lane, Lake Tekapo, Mackenzie

Located at 21 Edwards Lane, Lake Tekapo, Mackenzie, this residential vacant land spans 750sqm and is nestled at the end of a quiet right of way. The property, with its level contour, is a blank canvas with unknown wall and roof constructions and conditions, offering a unique opportunity for development. Ownership is freehold, ensuring complete control over this prime piece of land. The section's prime position near the subdivision water feature area, with captivating views of Mt John, the Southern Alps, and glimpses of Lake Tekapo, makes it an exceptional find.

The property has seen a steady increase in capital value, from $500,000 in October 2020 to $520,000 by July 2023, marking a 4% growth. The latest sale in May 2018 was at $500,000, while the HouGarden AVM estimates its value at $510,000. This consistent appreciation in value underscores the property's investment potential in one of New Zealand's most desirable locations. The Cairns Riverside subdivision, where this section is located, boasts a golf course, infrastructure, and water features, enhancing the appeal of the property.

Situated within the school zones of Craighead Diocesan School (Secondary Year 7-15, decile 9) and Roncalli College (Secondary Year 9-15, decile 7), this property offers educational advantages in addition to its recreational and scenic appeal. The proximity to Lake Tekapo village amenities and the abundance of outdoor activities in the Mackenzie District make this an opportunity not to be missed for families looking to build a new home or investors seeking a valuable addition to their portfolio.