257 Bannockburn Road, Cromwell, Otago

Located at 257 Bannockburn Road, Cromwell, Otago, this exquisite property stands as a testament to luxurious living in a serene environment. The residence, categorized under Residential - Dwelling, features 4 bedrooms, a spacious floor area of 337 square meters, and is nestled on a substantial land area of 7331 square meters. The property boasts a Freehold ownership type, ensuring complete control and ownership. Its exterior is adorned with Roughcast walls and an Iron roof, both in good condition, reflecting the property's well-maintained status. Built in the year 2000, the dwelling is situated on level ground, making it easily accessible and enhancing its appeal.

The financial growth of this property is impressive, with a capital value increase from $1,360,000 in September 2019 to $2,030,000 in October 2022, marking a 49.26% rise. This growth is further evidenced by its latest sale price of $2,400,000 on November 22, 2023, significantly higher than its HouGarden AVM of $1,995,000. The property's initial purchase price was a mere $85,000 back on November 9, 2000, showcasing its substantial appreciation over the years.

Education is a priority, and this property does not disappoint, being zoned for Cromwell Primary School, a Contributing school with a high decile rating of 9. This ensures access to quality education, making it an ideal choice for families seeking a blend of luxury, comfort, and academic excellence in a tranquil setting.