15 Kahiwi Drive, Lower Shotover, Queenstown Lakes

Nestled on a level plot at 15 Kahiwi Drive in the serene Lower Shotover, Queenstown Lakes, this residential vacant land boasts a freehold title. While specific details about the number of bedrooms, bathrooms, and carparks are not available, the property presents a clean slate for potential development. The roof and wall construction remain unknown, yet the property's contour is flat, potentially simplifying any construction endeavors. With an undefined floor area but a generous land area of 2028 square meters, this property offers ample space for a dream home in a quiet cul-de-sac.

As for the financials, the government's capital value assessment as of September 2021 stands at $875,000. The HouGarden AVM estimates the property's worth at $852,500, a figure that aligns closely with the market. Notably, the latest sale record from June 7, 2024, indicates a transaction price of $1,400,000, suggesting a significant appreciation in value. This reflects a substantial capital value increase percentage, making it an attractive investment.

For families with school-aged children, the property falls within the zone for both St Joseph's School and Shotover Primary School, both of which are full primary schools with a decile rating of 10. This indicates a high standard of education available in the area, adding to the property's appeal.

Updated on August 01, 2024