79 Molyneux Avenue, Cromwell, Otago

Located at 79 Molyneux Avenue, Cromwell, Otago, this residential dwelling stands as a testament to modern living and convenience. Built in 2002, the property boasts a sturdy brick exterior with an iron roof, both in good condition, ensuring durability and ease of maintenance. The house is set on a level 700sqm section, offering ample outdoor space. With a floor area of 210sqm, it features 3 bedrooms, 2 bathrooms, and 2 car parks, making it an ideal family home. The freehold ownership type further adds to its appeal, providing buyers with complete control over their property.

The property has seen a significant increase in its capital value, from $700,000 in September 2019 to $900,000 in October 2022, marking a 28.57% growth. The latest sale in February 2024 fetched $964,000, demonstrating its continued appreciation in the market. The HouGarden AVM estimates its value at $862,500, indicating a strong investment potential. This growth trajectory highlights the property's increasing desirability and the robustness of the Cromwell real estate market.

Situated within the zone for Cromwell Primary School, which boasts a decile rating of 9, the property promises an excellent educational foundation for children. The school's contributing status further underscores the quality of education it provides, making this home an ideal choice for families prioritizing their children's schooling. The combination of a prime location, strong community ties, and access to quality education makes this property a standout choice for discerning buyers.

Updated on April 05, 2024.