5 Carlow Place, Cromwell, Otago

PURCHASE WITH POTENTIAL. Nestled in the heart of Cromwell, this Freehold property boasts a well-maintained brick exterior and Iron roof from 1980. It features 3 bedrooms, 1 bathroom, and 2 car parks, spread over a floor area of 94sqm on a level contour site of 614sqm. The property has a CV of $660,000 as of October 2022, marking a 25.7% increase from its $525,000 valuation in September 2019. The HouGarden AVM estimates the property at $640,000, while the latest sales were recorded at $750,000 in June 2024 and $290,000 in May 2012.

Boasting a decile rating of 9, Cromwell Primary School, a contributing school, is in the zone. The residence is not just a home but an investment with potential for subdivision, given the 1012m? site with a sealed access way already in place. This property is a gem waiting to be polished, reduced to an attractive price of $309,000.

Located at 5 Carlow Place, this property is in a prime school zone with a high-rating educational institution. The combination of a desirable location, solid property appreciation, and a promising school network makes it an A1 presentation for any buyer looking for a sound investment.

Updated on August 01, 2024