76 Riverslea Road, Wanaka, Queenstown Lakes

Located at 76 Riverslea Road, Wanaka, Queenstown Lakes, this residential vacant property stands on a generous 606 sqm freehold land. Despite the unknown details regarding its bedrooms, bathrooms, and car parks, along with unspecified wall and roof construction materials, the property's level contour underlines its potential for development or investment. The absence of a floor area measurement further accentuates the property's blank canvas appeal, ready for a visionary transformation.

The property's capital value as of September 1, 2021, was recorded at $565,000. However, a recent HouGarden AVM assessment estimated its value slightly lower at $552,500. Remarkably, the property has witnessed a consistent sale price of $600,000 on two occasions, first on July 19, 2023, and then on March 19, 2024, indicating a positive trend in its market value and a capital value increase percentage that reflects its growing appeal in the Wanaka area.

Education is a cornerstone of this property's value, being zoned for Wanaka Primary School, which boasts a decile rating of 10. This contributing school's high decile rating underscores the quality of education available within the property's vicinity, making it an attractive option for families prioritizing academic excellence for their children.

Updated on March 27, 2024.