4 Cherry Court, Wanaka, Queenstown Lakes

This exceptional property at 4 Cherry Court, Wanaka, Queenstown Lakes, is a residential dwelling that boasts 4 bedrooms, 2 bathrooms, and 2 carparks, covering a floor area of 310 square meters on a 631 square meter freehold land. Constructed in 2002 with roughcast walls and tile roofing, both in good condition, this two-story home is situated on level ground, offering a spacious open-plan living, kitchen, and dining area that opens to an inviting outdoor setting. The ground level includes two bedrooms and a family bathroom, while upstairs houses two more spacious bedrooms, including the master bedroom with a walk-in wardrobe and a second family bathroom. An efficient wood burner and heat pump ensure comfort year-round, complemented by a double garage and ample off-street parking.

From a valuation perspective, the property has seen a significant increase in capital value, from $970,000 in July 2017 to $1,650,000 in September 2021, marking a 70.1% increase. The latest HouGarden AVM estimates the property's value at $1,582,500, with the most recent sale on February 5, 2024, at $1,575,000, up from $635,000 in February 2015. This growth underscores the property's strong appeal and investment potential.

Located in a prime school zone, the property falls under the Wanaka Primary School, which is a contributing school with a decile rating of 10, indicating high-quality education options nearby. This, combined with the property's proximity to the lakefront and its suitability for walking and biking, makes it an ideal choice for families or investors seeking a permanent residence or a lucrative rental opportunity.

Updated on April 05, 2024.