Nestled in the coveted Summerfields Subdivision, this 745sqm freehold section boasts a prime north/west orientation and street frontage, partially fenced with all services to the boundary. The property, with an unknown roof and wall construction, presents a unique opportunity in Cromwell's market. The capital value has seen a significant increase from $330,000 in 2019 to $465,000 as of 2022, reflecting a growth of 40.91%. The latest sale history includes a transaction of $585,000 in 2024 and $175,000 in 2016, further highlighting the property's escalating worth. The HouGarden AVM estimates the value at $445,000.
For families, the property falls within the catchment of Goldfields School, a contributing school with a decile rating of 8, ensuring quality education for the children.
Indeed, this is a rare find – a large residential section in a sought-after location, with a promising investment potential and educational amenities.
Updated on October 23, 2024