Horseshoe Bend Road, Otaio, Waimate

Nestled on Horseshoe Bend Road in the serene Otaio, Waimate, this lifestyle property boasts a spacious 40,000 square meters of land, held under the freehold title. While specific details about the number of bedrooms and bathrooms are not available, the property presents a blank canvas for potential development. The roof and wall construction remain unknown, adding a touch of mystery to this vacant lot. With a level contour, it offers a promising start for creating a dream home.

As per the government's valuation, the capital value has seen a significant leap from $227,000 in 2019 to $295,000 in 2022, indicating a growth rate of approximately 30%. The HouGarden AVM mirrors this figure, suggesting a stable market evaluation. The latest sale record from 2024 adds further credibility to the property's worth, with a transaction price of $330,000.

For families with educational considerations, this property falls within the zones of both Craighead Diocesan School, a high-performing secondary school with a decile rating of 9, and Roncalli College, a secondary school with a decile rating of 7. This ensures access to quality education for children of all ages.

Updated on October 23, 2024