8 Wakefield Lane, Cromwell, Otago

This executive home at 8 Wakefield Lane, Cromwell, Otago, is a testament to modern living, offering a serene waterfront lifestyle that is second to none. Built in 2019, this property boasts a floor area of 287 square meters and is situated on a generous 1322 square meter freehold section. The house comprises four bedrooms, a designer kitchen complete with a butler's pantry, and two fully tiled bathrooms. The exterior features mixed materials walls in good condition and an iron roof, also in good condition. The property is level, making it easily accessible and providing ample space for the establishment of additional off-street parking to complement the large double garage already in place.

From a financial perspective, the capital value of this property has seen a significant increase, from $1,390,000 in September 2019 to $2,070,000 in October 2022, marking a 48.92% growth. The HouGarden AVM estimates the property's value at $2,032,500, while the latest sale in December 2023 fetched a price of $2,525,000, indicating a strong market demand. This property's capital value growth and recent sale price underscore its desirability and investment potential.

Education is a priority for many, and this property does not disappoint, being zoned for Cromwell Primary School, which boasts a decile rating of 9. This high decile rating reflects the quality of education and community support the school offers, making it an ideal choice for families looking to provide their children with a solid educational foundation.

Updated on March 21, 2024.