46 Meadowstone Drive, Wanaka, Queenstown Lakes

Nestled in the serene cul-de-sac of 46 Meadowstone Drive, this Wanaka gem on a freehold title boasts a capital value that has seen a 52.13% increase since 2017. Constructed in 1998 with mixed materials for the walls and iron for the roof, this well-maintained property offers 3 bedrooms, 2 carparks, and a spacious floor area of 170sqm on a land of 859sqm. The latest sale in this quiet locale was for $1,385,000, while the HouGarden AVM estimates it at $1,372,500, closely mirroring the government's current valuation of $1,430,000 as of September 2021.

With a property contour that's level and a condition that's good all around, this residence is a perfect blend of retro charm and potential for value addition. It's a short stroll to the lake or town, and the north-facing aspect ensures the living areas and the expansive deck bask in the sun. The master bedroom enjoys an ensuite, and the double car garage provides ample storage, with additional off-road parking for watercraft and caravans.

For families with school-aged children, the property falls within the highly rated Te Kura O Take Karara school zone, a contributing school with a decile rating of 10. This address is not just a home; it's an opportunity waiting to be seized.

Updated on April 26, 2024