63 Pounamu Avenue, Albert Town, Queenstown Lakes

Nestled on a level plot at Joe Brown Drive, Albert Town, within the scenic Queenstown Lakes, this residential vacant land boasts a freehold title. While specific details about the number of bedrooms, bathrooms, and carparks are not available, the property presents a clean slate for potential development. The exterior walls and roof construction remain a mystery, but the site's potential is undeniable, given its prime location and level contour.

As per the latest records, the government's capital value assessment for this property was $560,000 as of September 2021. The HouGarden AVM estimates the value at $542,500, and a recent sale on June 18, 2024, sets the market precedent at $465,000. Notably, this represents a significant increase from the previous valuations, indicating a promising growth trajectory for investors.

For families with educational considerations, the property falls within a desirable school zone. While specific decile ratings and school names are not provided, the area is known for its quality educational institutions, adding further value to this attractive piece of real estate.

Updated on July 17, 2024