Located at 122 Mill Road, Waimate, this Lifestyle - Improved property boasts a spacious 250m² floor area on a vast 19,751m² freehold land. Constructed in 1970 with stone walls in good condition and an iron roof also in good condition, this property features 2 bedrooms, 2 carparks, and a level property contour, making it an ideal setting for development and easy access. The property is divided into 8 paddocks, offering versatility for agricultural or livestock purposes, complemented by lush grazing pasture, town water supply, and a gentle stream.
From a financial perspective, the capital value of the property has seen a significant increase from $575,000 on July 1, 2019, to $870,000 on July 1, 2022, marking a 51.3% growth. The HouGarden AVM estimates the property's value at $852,500. Historically, the property was sold for $445,000 on August 11, 2011, and for $215,000 on September 6, 1994. The property is listed at a fixed price of $750,000 (+ GST if any), presenting a unique opportunity to own a mesmerizing mountain-view property.
In terms of education, the property falls within the zones for Craighead Diocesan School (Secondary Year 7-15, decile 9) and Roncalli College (Secondary Year 9-15, decile 7), ensuring access to quality education. This 25-acre block of bare land offers a blank canvas for those looking to create their own vision of rural tranquillity.
Updated on April 02, 2024.
