14 Ranch Terrace, Wanaka, Queenstown Lakes

Nestled on a level contour at 14 Ranch Terrace, Wanaka, within the serene Queenstown Lakes district, this residential vacant land boasts a freehold title. With a single carpark and an expansive land area of 2924 square meters, this property presents an intriguing opportunity for potential development. While the specifics of the wall and roof construction remain unknown, the site's potential is undeniable, as evidenced by its current government valuation of $1,350,000 as of September 2021.

History shows a promising trend, with the property's HouGarden AVM estimate at $1,315,000, and a recent sale on June 5th, 2024, for $1,095,000. This indicates a significant capital value increase, which is sure to catch the eye of savvy investors.

For families with educational considerations, this property falls within a highly regarded school zone. Its proximity to top-rated institutions adds another layer of appeal to an already attractive package.

Updated on July 26, 2024