Ohau Road, Twizel, Mackenzie

Located in the serene Ohau Road, Twizel, Mackenzie, this residential vacant land spans across 550 square meters, offering a blank canvas for potential homeowners or investors. The property, with its freehold ownership type, presents an opportunity to create a dream home in a peaceful setting. Despite the lack of detailed information on the building's age, roof, and wall construction, the land's level contour simplifies construction considerations. The property does not include any bedrooms, bathrooms, or car parks, emphasizing its status as a vacant plot ready for development.

Over the recent years, the capital value of this property has seen a notable increase, rising from $250,000 on October 1, 2020, to $280,000 by July 1, 2023, marking a 12% growth. This upward trend is further supported by a HouGarden AVM estimate of $275,000. The latest sale, recorded on January 23, 2024, concluded at $259,000, showcasing the property's steady appreciation in value and investment potential.

The property is advantageously located within the school zones of Craighead Diocesan School and Roncalli College, both highly regarded institutions with decile ratings of 9 and 7, respectively. Craighead Diocesan School caters to secondary students from Year 7 to 15, while Roncalli College serves those in Years 9 to 15. This proximity to reputable schools adds to the property's appeal, making it an attractive option for families prioritizing education.