3 Andrew Don Drive, Lake Tekapo, Mackenzie

Located at 3 Andrew Don Drive, Lake Tekapo, Mackenzie, this Residential - Vacant property offers a unique opportunity to land bank in one of the most picturesque locations in New Zealand. With a land area of 950sqm, the property provides ample space for designing your dream home or holiday retreat. The property is a freehold site, ensuring complete ownership without the complications of shared driveways or complex management. Despite the unknown specifics regarding the number of bedrooms, bathrooms, carparks, floor area, roof and wall construction, and condition, the level contour of the property presents an easy canvas for development. Set amongst quality homes, this property is a bargain below its current CV of $520,000, offering a serene escape with potential for significant appreciation.

The property has seen a steady increase in its capital value, rising from $500,000 in October 2020 to $520,000 by July 2023, marking a 4% increase. The HouGarden AVM estimates the property's value at $510,000, closely aligning with its capital value. The latest sale recorded on August 9, 2017, was at $330,435, indicating a substantial growth in value over the years. This growth trajectory underscores the property's investment potential, especially for those looking to secure a piece of paradise in Lake Tekapo.

For families considering the educational needs of their children, the property is zoned for Craighead Diocesan School and Roncalli College, both highly regarded institutions with decile ratings of 9 and 7, respectively. These schools cater to secondary education from Year 7 to 15 and Year 9 to 15, offering quality education options within the vicinity. This adds an additional layer of appeal to the property, making it an ideal choice for families looking to build a home in a community with access to excellent educational facilities.

Updated on March 22, 2024.