Riverbank Road, Wanaka, Queenstown Lakes

Nestled on a level plot at Riverbank Road, Wanaka, within the prestigious Queenstown Lakes district, this residential bare block boasts a freehold title. While specific details about the number of bedrooms and the floor area are not available, the property includes a single bathroom and sits on a generous land area of 50,643 square meters. The construction details of the walls and roof remain unknown, but the property's contour is flat, potentially offering ease of development.

As for its financial history, the capital value has seen a remarkable increase from $1,160,000 in July 2017 to $13,130,000 as of September 2021, indicating a growth rate of 10.32%. The HouGarden AVM estimates the property's worth at $13,010,000. Notably, the latest sale records show transactions at $9,500,000 in October 2024 and $6,500,000 in May 2013, highlighting the property's appreciating value.

In terms of the school zone, the property falls within the catchment area of Te Kura O Take Karara, a contributing school with a decile rating of 10, reflecting a high standard of education in the region.

Updated on November 07, 2024