77 Stone Drive, Cromwell, Otago

Discover the epitome of rural living at 77 Stone Drive, Cromwell, Otago, a lifestyle property that promises both tranquility and convenience. This vacant land spans an impressive 1.67ha, offering ample space for a myriad of outdoor activities and the freedom to build your dream home. Despite its serene location, the property is strategically situated 45 minutes from Queenstown International Airport and 35 minutes from Arrowtown and Wanaka, ensuring easy access to a variety of amenities and leisure options. The property is characterized by its level contour, with the construction details of the future dwelling remaining a canvas for your imagination.

Since September 2019, the capital value of this property has seen a remarkable increase from $457,000 to $1,045,000 as of October 2021, marking a growth of approximately 128.66%. The latest sale, recorded on January 29, 2024, astonishingly reached $2,425,000, reflecting the area's rapid development and the property's escalating value. The HouGarden AVM estimates the property's worth at around $1,000,000, highlighting its investment potential.

Education is well catered for, with the property zoned for Goldfields School (Cromwell), which boasts a decile rating of 8. This indicates a high level of educational resources and a supportive community environment, making it an ideal setting for families seeking quality schooling options.

Updated on April 06, 2024.