38 Magnum Drive, Cromwell, Otago

Nestled in the heart of Cromwell, Otago, 38 Magnum Drive is a charming residential dwelling that boasts 3 bedrooms, a spacious floor area of 128 square meters, and sits on a 314 square meter freehold land. The property features fibrous cement walls in good condition and an iron roof, also in good condition, ensuring durability and low maintenance. With a single carpark, this home is perfect for families or investors looking for a property in a serene location. The level contour of the property adds to its appeal, making it easily accessible and enjoyable for outdoor activities.

The capital value of this property as of October 1, 2022, was $720,000, reflecting its quality and desirable location. Despite a HouGarden AVM estimate of $690,000, the property's most recent sale on January 28, 2024, astonishingly closed at $905,000, significantly higher than its previous sale at $250,000 on June 11, 2021. This remarkable increase underscores the property's rapidly growing value in the market.

Education is a priority for families, and 38 Magnum Drive is ideally located within the zone of Cromwell Primary School, which boasts a high decile rating of 9. This contributing school is known for its quality education and supportive community, making it an excellent choice for young families.

Updated on April 06, 2024.