Nestled at the end of a quiet cul-de-sac on Jimmys Lane, Lake Tekapo, this freehold property is a Residential - Home & income opportunity. Constructed with roughcast walls and an iron roof, both in good condition, the recently built property (2023) spans a floor area of 192sqm on a level 649sqm section. It boasts 6 bedrooms, 2 carparks, and is designed to maximize investment potential with two self-contained units. The property has seen a CV increase of 4.8% from $1,250,000 to $1,310,000 between 2020 and 2023. HouGarden AVM estimates the property's value at $1,275,000, while the latest sales were recorded at $1,430,000 in 2024 and $1,200,000 in 2018.
For families, the property falls within the catchment of Craighead Diocesan School (Decile 9) and Roncalli College (Decile 7), both secondary schools. This, combined with the property's potential for high-income generation, makes it an attractive investment for those seeking a lifestyle change and astute investors.
With its prime location in The Cairns Riverside subdivision, close to Lake Tekapo's renowned attractions, and the added benefit of a golf course and water features within the community, this property offers both a serene living environment and a lucrative investment opportunity.
Updated on August 01, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 0m2 | 2024 11 01 | $320,000 | Council approved | |||
 | 0.43 km | 5 | 190m2 | 2024 10 29 | $1,200,000 | Council approved | ||
 | 0.48 km | 6 | 120m2 | 2024 10 11 | $1,000,000 | Council approved | ||
 | 74.46 km | 3 | 3 | 260m2 | 2024 10 01 | - | Council approved | |
 | 26.28 km | 0m2 | 2024 08 01 | $435,000 | Council approved |