Nestled in the highly sought-after Pisa Moorings, 20 Pisa Moorings Road, Cromwell, Otago, is a Residential - Dwelling on a Freehold title. This property boasts 2 bedrooms, 1 bathroom, and 2 car parks, all within an 80sqm floor area and set on a sprawling 1190sqm section. Constructed in 2018, the home features mixed materials for the walls and an iron roof, both in good condition. The capital value has seen a rapid increase of 38.8% from $490,000 in 2019 to $680,000 as of 2022. The latest sales history shows a high demand with a sale price of $790,000 in 2024 and $625,000 in 2020. The HouGarden AVM estimates the property at $650,000. This property is in the Cromwell Primary School zone, a Contributing school with a decile rating of 9.
With a stunning, mature landscaped lakefront section of 1372 sqm, the property offers a serene view of Lake Dunstan, just a few steps away. The area presents a picturesque landscape with a lake shore reserve and walkway/bike track over the boundary. This is an ideal spot to build your new home, a low maintenance residence for retirement, or a land bank for future investment. Opportunities like this are rare in Central Otago, so seize the chance to discuss your next move.
Located in a prime school zone, with excellent educational facilities nearby, this property is perfect for families looking to settle in a reputable and academically strong community. The Cromwell Primary School's high decile rating ensures a quality education for your children.
Updated on October 09, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.25 km | 4 | 216m2 | 2024 11 28 | $1,250,000 | Council approved | ||
0.21 km | 0m2 | 2024 11 27 | $390,000 | Council approved | ||||
 | 0.03 km | 4 | 2 | 230m2 | 2024 11 13 | - | Council approved | |
 | 0.66 km | 3 | 153m2 | 2024 09 19 | $965,000 | Council approved | ||
 | 0.73 km | 3 | 139m2 | 2024 08 30 | $910,000 | Council approved |