60 Totara Terrace, Wanaka, Queenstown Lakes

Nestled at 60 Totara Terrace, Wanaka, within the serene Queenstown Lakes, this residential dwelling on a Freehold title is a charming find. Constructed in 1970 with concrete walls and an iron roof, both in good condition, the property spans a level 455sqm with a floor area of 103sqm. It boasts 3 bedrooms, 2 carparks, and a layout that includes an open-plan living/dining area designed to capture the earliest sunrays. The property has seen a significant Capital Value increase of 66.67% from $660,000 in July 2017 to $1,100,000 as of September 2021. The HouGarden AVM estimates it at $1,052,500, while the latest sale history shows a transaction at $965,000 in September 2024, and an earlier one at $177,000 in January 1997.

With a CV growth that outpaces the market average, this property is not just an affordable first home or holiday house but also a sound rental investment. It is conveniently located in a prime area of Wanaka, close to highly-rated schools, sports facilities, and scenic walks. The established trees and shrubs in the courtyard, along with a BBQ area, promise delightful summertime experiences.

For families with children, the property falls within the zone of the Wanaka Primary School, a contributing school with a perfect 10 decile rating, ensuring top-notch education opportunities.

Updated on October 16, 2024