65 West Meadows Drive, Wanaka, Queenstown Lakes

Nestled at 65 West Meadows Drive, Wanaka, Queenstown Lakes, this stunning 1,051 sq m vacant residential site boasts panoramic, uninterrupted lake views. It is complemented by a Freehold title, which offers the promise of dual access and subdivision potential. The property's roof and wall construction are yet to be determined, but it sits on a level contour, primed for a future build. With a current Capital Value (CV) of $1,400,000 as of September 2021, this property presents a significant investment opportunity.

History shows a HouGarden AVM of $1,305,000, and the latest sale on June 13, 2024, was for $1,250,000. The property's CV has seen a substantial increase, demonstrating a promising growth trajectory. This is a rare find, especially with the asking price being under the ratable value, making it an attractive prospect for the discerning investor.

For families, the property falls within a desirable school zone with excellent educational facilities. The prospect of building a significant home here, with ample space for garaging and boat storage, is an added bonus, as is the potential for additional income through Airbnb or subdivision.

Updated on July 11, 2024