150 Waenga Drive, Cromwell, Otago

Nestled in a serene cul-de-sac at 150 Waenga Drive, Cromwell, Otago, this freehold property boasts a charming residential dwelling built in 1989 with stone walls and tiled roofing. The 112sqm floor area is complemented by three ample double bedrooms, a bathroom, separate laundry, conservatory, and a single car garage, all set on a sprawling 690sqm of level land. The property has seen a quarter of a century of enjoyment by the current owners, and now presents a promising project for first home buyers, investors, or any buyer seeking potential. It features an open plan living/dining, a separate kitchen, and is well-insulated with Oamaru Stone, offering both privacy and scenic views of the hills. The property's Capital Value (CV) has increased from $540,000 in September 2019 to $680,000 as of October 2022, marking a growth of 25.93%. The HouGarden AVM estimates the property's value at $622,500, while the latest sales were recorded at $750,000 in November 2024 and $446,000 in October 2016.

For families with school-aged children, the property falls within the Goldfields School zone, a contributing school with a decile rating of 8. Its convenient location, close to supermarkets, medical centers, and schools, makes it an attractive and sensible option for any buyer.

With potential waiting to be unlocked, this property is a golden opportunity. Enquiries are encouraged, as this property is definitely for sale, with all offers to be presented on Wednesday, 26th October at 3pm.

Updated on December 04, 2024