26 Monaco Drive, Cromwell, Otago

Nestled in the serene Cromwell, 26 Monaco Drive is a remarkable freehold property, built in 2020 with mixed materials and an iron roof, both in good condition. This residential apartment complex boasts four bedrooms, a vast floor area of 432 square meters, and a levelled land of 450 square meters. It offers six carparks, making it an ideal haven for car enthusiasts, further enhanced by its proximity to the Highlands Motor Sport Park.

With a government capital value (CV) of $1,530,000 as of October 2022, a significant increase of 47.12% from the 2019 valuation of $1,040,000, and a HouGarden AVM of $1,537,500, the property's investment potential is undeniable. The latest sale history, with a record of $1,850,000 in August 2024 and $279,000 in January 2018, further highlights the rapid capital value growth.

For families, the property falls within the Goldfields School zone, a contributing school with a decile rating of 8. This exquisite property not only promises luxurious living but also represents a sound investment opportunity in a prime location.

Updated on September 11, 2024