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Weekly Property Report

By on September 8, 2018

Welcome to this week’s property report.

The sun has been shining all week and it certainly feels like Spring has arrived. I was fortunate to head up for a quick ski with clients this morning, seventeen runs down and back down to work by 1pm! If you are contemplating making the move down here, just do it – you won’t regret it!
Plenty on the go this week, with new listings galore. We viewed eight properties with something for everyone.
  • First up is a section on 9 Mountain View Drive (located across the Road from Oakridge and just down from the Medical Centre), this is a prime location. For you savvy investors out there this is a 2000sqm section whose current covenant that limits subdividing set to expire in 2026. This has been rezoned to Low Density meaning you will be able to divide it up into 450m2 sections.  A great spot to build something special with long term commercial returns achievable.
  • Next up is a very tidy single level 3 bedroom home at 20 Stonebrook Drive, set to launch next week. A perfect retirement home or lock up and leave, located on a small section so ideal for those looking for minimal fuss and no work required!
  • Up next 26B Sargood Drive is an entry level property walking distance to town, tidy 2 bedroom home.  Great for those looking to get onto the ladder, or couples who are looking to downsize.
  • 124 Warren Street is a really interesting one,  location is amazing, views down the lake a chance to secure land as the property needs some love or to start again.
  • A family home can be found at 99 Plantation Road, ideal for an expanding family and super close to the schools.
  • Next we have two sections at the very tip of Peninsular Bay at 11 & 13 Bull Ridge, very private and with stunning mountain views. One is set for auction, the second a quiet listing as it boasts the very best views and opens out to a reserve.
  • The last property this week is a wee cracker of a section over in Lake Hawea at 29 Dingle Street. A large section with Northerly views, great buying at $325,000.
If any of the above properties are of interest please get in touch.
We had two homes being auctioned on Friday
  • First up was a stunning family home situated at 598a Lake Hawea  Albert Town Road, this 6Ha block has plenty of interest it did not quite meet the reserve, finishing at $1.950, there is significant conditional interest in this property so please move quickly.
  • Next was 5 Fort Place Hawea Flat – again plenty of activity with six active bidders this sold for $832,000.
My property of the week I want to bring to your attention is 107a Kings Drive, this was recently passed in at auction, it has stunning views it would be an ideal short term rental proposition  with significant wow factor with those lake views. The CV is $860,000 if you were looking to secure a holiday rental earner, I would encourage you to check this property out, ignore homes selling above CV at present you could well be surprised with this one. (view below)
Next week I am going to explore a piece of legislation that will have an impact on us as real estate agents and you as property vendors and buyers, the Anti Money Laundering Act 2009. If you are not already familiar with the coming changes, I will summaries these in detail next week. I will also cover off the changes to Kiwisaver for first home buyers here in the Queenstown Lakes region.
Enjoy your weekends
Mitch
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MITCH CAMPBELL

mitch campbell

Welcome to my property hub, a place designed to showcase the very best of premium property in Central Otago and provide you with everything you need to ensure that your journey of buying or selling in this beautiful region is as smooth as possible.

I wanted to create a platform to share insights and knowledge on everything property-based from the Wanaka region, but also feature outstanding design products, interviews with industry locals, interesting architectural work and new trends to help inspire you with your own plans.

If you're looking at either buying or selling in the Wanaka region, please get in touch and let me help you achieve those goals.

Email mitch.campbell@raywhite.com
Phone number: 021 2424 280