17 Wallis Drive, Cromwell, Otago

Located at 17 Wallis Drive, Cromwell, Otago, this residential vacant property offers a prime opportunity for those looking to build their dream home. The property features a freehold ownership type with a land area of 432m². Despite the unknown details regarding the wall and roof construction, as well as their conditions, the property boasts a level contour, making it an ideal building platform. The site is ready for development, with no existing bedrooms, bathrooms, or car parks, emphasizing its potential for customization.

Over the years, the capital value of this property has seen a significant increase, from $275,000 in September 2019 to $395,000 in October 2022, marking a 43.64% growth. The HouGarden AVM estimates the property's value at $387,500. The latest sale records show a transaction at $418,000 on January 24, 2024, following a previous sale at $320,000 on April 5, 2021. This trend underscores the property's increasing value and the potential for a sound investment.

The property is zoned for Cromwell Primary School, which is a contributing school with a high decile rating of 9. This highlights the quality of education available in the area, making it an attractive option for families. The location's proximity to Lake Dunstan, walking tracks, Cromwell Golf Course, and the town centre with shops adds to the appeal, offering a blend of convenience and lifestyle benefits. Whether you're considering conditional or unconditional offers, this property presents a fantastic opportunity to create something special in a sought-after location.