10 Pounamu Avenue, Albert Town, Queenstown Lakes

Located at 10 Pounamu Avenue, Albert Town, Queenstown Lakes, this residential vacant land offers a unique opportunity to own a piece of paradise in the picturesque Hikuwai area. With a prime corner position, the 679sqm (approx) section boasts striking mountain views and sunny aspects, making it an ideal spot for building your dream home. The property is freehold, ensuring complete ownership, and is situated on level ground, with both the wall and roof construction as well as their conditions unknown. Despite the lack of information on the building's age, floor area, and the number of bedrooms, bathrooms, and carparks, this property's potential is undeniable.

Over the years, the capital value of this property has seen a significant increase, from $330,000 in July 2017 to $680,000 in September 2021, marking a growth of over 106%. The latest sale records show a transaction at $620,000 on November 7, 2023, following a previous sale at $325,000 on October 17, 2016. The HouGarden AVM estimates the property's value at $665,000, highlighting its investment potential and the rapid appreciation in its value.

This property falls within the zone for Wanaka Primary School, a contributing school with a top decile rating of 10, indicating high-quality education options in the vicinity. Located just a short 4.4km (approx) drive to central Wanaka and nearby local amenities, this flat section is not only titled and ready for development but also offers a premium position in Pounamu, making it an attractive option for families looking to build in a serene yet convenient location.