43 Bragato Way, Cromwell, Otago

Nestled amidst the vines of the esteemed Wooing Tree Estate, this residential vacant lot at 43 Bragato Way, Cromwell, Otago, offers an idyllic lifestyle in the heart of Central Otago. Embraced by a serene environment with award-winning wineries, Lake Dunstan, and the Cromwell town center within easy reach, this freehold property sits on a levelled contour with a land area of 572 square meters. While details about the roof and wall construction remain unknown, the property's potential is undeniable. The latest sale was recorded on February 26, 2024, at $421,739, closely mirroring the HouGarden AVM of $422,500. Notably, the capital value has seen a significant increase, reaching $440,000 as of October 1, 2022, indicating a promising investment growth trajectory.

As for the government valuation history, the rapid escalation in the capital value speaks volumes about the property's desirability. This, coupled with the convenient access to the Lake Dunstan Cycle Trail and the upcoming amenities like the Wooing Tree Wines' cellar door, a childcare center, and café, make this a highly sought-after address. The property falls within the Cromwell Primary School zone, a contributing school with a decile rating of 9, ensuring top-notch education for the family.

With various stages of development offering different lot sizes and price points, starting from $260,000, this opportunity is perfect for those seeking to build their dream home in a picturesque setting. Secure your future today with a 10% deposit and settle the balance upon title issuance. Don't miss out on this chance to become part of a carefully crafted neighborhood in a magical corner of New Zealand.

Updated on April 17, 2024