Nestled at 6 Hopgood Place, Cromwell, Otago, this freehold property is a charming residential dwelling built in 2008. Its brick exterior and iron roof are in good condition, sheltering a floor area of 142 square meters on a levelled land of 532 square meters. With 3 bedrooms, a single car park, and a heat pump for climate control, this home offers comfort and convenience. The property has seen a significant Capital Value (CV) increase of 27.86% from $610,000 in 2019 to the current $780,000 as of October 2022, reflecting a promising investment opportunity.
History shows a consistent rise in value with the latest sales in 2019 at $623,000 and $600,000 respectively, while the HouGarden AVM estimates the property at $750,000. This well-maintained home is perfect for first-time buyers, holidaymakers, and investors seeking an affordable, low-maintenance living solution in the heart of Central Otago.
Educationally, the property falls within the zone of Goldfields School in Cromwell, a contributing school with a decile rating of 8. The combination of a desirable location, a strong CV growth trajectory, and a reputable school network makes this property an attractive prospect for any buyer.
Updated on October 25, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.63 km | 3 | 161m2 | 2024 12 10 | $990,000 | Council approved | ||
 | 0.73 km | 4 | 211m2 | 2024 12 06 | $1,158,000 | Council approved | ||
 | 0.11 km | 5 | 358m2 | 2024 11 30 | $975,000 | Council approved | ||
 | 0.63 km | 3 | 201m2 | 2024 11 04 | $1,155,000 | Council approved | ||
 | 0.14 km | 0m2 | 2024 09 19 | $585,000 | Council approved |