27 Ortive Street, Cromwell, Otago - House Sold on 04 05 2022

SoldMay 4, 2022

27 Ortive Street, Cromwell, Otago

$682,000

70 m²

809 m²

House

•

2 days on the market

Sold: May 4, 2022

What's around 27 Ortive Street

Developers Dream!

Marketed for the first time in 20 years, 27 Ortive Street will attract as much attention as its neighbouring counterpart at 25 Ortive Street also listed for sale. Landbankers and developers will relish in the opportunity to secure this potential packed 809m2 corner section, located a few minutes from Lake Dunstan as well as the equally attractive site next door. Investors, first home buyers and holiday homeowners will be equally attracted to the size and scope of the property with a fully rental compliant two-bedroom home providing accommodation and the opportunity to gain income whilst long term plans are established for this prime piece of real estate. The home has two large double bedrooms with built in wardrobes, a compact kitchen and open plan living and dining areas with a log burner. Whilst in relatively original condition, it provides all the essentials, is warm and cozy and has happily housed a tenant for the past five years. With such a large freehold section there's obvious scope for further development, with the addition of a secondary dwelling or a full subdivision project both on the cards - subject to appropriate consents, of course. The area is superb, a true Old Cromwell gem, with Lake Dunstan, the Heritage Precinct, parks, and schools, (not to mention the local squash club and bowls club) all within proximity. Without question it's the scope and potential which is most attractive - first home buyers will see the appeal in establishing themselves in a sought-after location, landlords will recognise the consistent popularity of the location, and developers will find the large section and neighbouring section at 25 Ortive Street an enticing proposition. Whether it's one or both properties that are of interest- contact me now to arrange a viewing.

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Seller's review

about 4 years ago

Verified Review

Seemless experience!

My search for a real estate agent in Cromwell was not difficult, I simply googled "the best RA in Cromwell". Keeley was unknown to me, however I have found her to be most professional, not lazy, and knows not only her industry, but also the market. For someone who has only been in the industry for a few short years, she knows her stuff! A refreshing change from the stayed agents I have used in the past. Would highly recommend her and would not hesitate to use again.

Grant Cartwright

Seller