75 Bannockburn Road Cromwell, 9384


75 Bannockburn Road , Cromwell, 9384
bed4
bathroom2
car1
land8751 m2
floor150 m2
Property Type
Residential
Year Built
1965
Last Sold on 22 Feb 2024 for $1,990,000
Settlement Date
01 May 2024
Sold By
Berry Real Estate, (Licensed: Reaa 2008)
Settlement Date
01 May 2024
Sold By
Berry Real Estate, (Licensed: Reaa 2008)
1 of 126Feb 24

Estimated Value Range  

Medium Confidence
  

Low
High
confidence marker image
$1.60M
$1.80M

About 75 Bannockburn Road, Cromwell, 9384

75 Bannockburn Road, Cromwell, 9384 is a Residential property built in 1965 with 4 bedrooms, 2 bathrooms and 1 parking space. The property is estimated to be valued in the range of $1,600,000 to $1,800,000.

The property last sold on 22 February 2024 for $1,990,000. It was sold by Berry Real Estate, (Licensed: Reaa 2008), and took 7 days to sell. On 1 October 2022, 75 Bannockburn Road, Cromwell, 9384 had a Rating Valuation with a Capital Value of $1,600,000, Land Value of $720,000 and Improvement Value of $880,000.

Property History

DateTypePriceAgent/Agency
22 Feb 2024SOLD$1,990,000
16 Feb 2024BY NEGOTIATIONPrice Not DisclosedJo Nieper of Berry Real Estate, (Licensed: Reaa 2008)
5 Aug 2023BY NEGOTIATIONPrice Not DisclosedJustine Burke of New Zealand Sotheby's International Realty, (Licensed: Reaa 2008)
5 Nov 2022ASKING PRICE$2,000,000Vicky Coulter of Proppy .Co.NZ, (Licensed: Reaa 2008)
22 Feb 2022BY NEGOTIATIONPrice Not DisclosedNeil Bulling of Pgg Wrightson Real Estate Ltd (Cromwell), (Licensed: Reaa 2008)
29 Jan 2021SOLD$1,500,000Neil Bulling of Pgg Wrightson Real Estate Ltd (Cromwell)
10 Dec 2020PRICE ON APPLICATIONPrice Not DisclosedNeil Bulling of Pgg Wrightson Real Estate Ltd (Cromwell)
19 Jan 2015SOLD$625,000
10 Sep 2009SOLD$490,000
22 May 2006SOLD$430,000
9 Dec 2003SOLD$411,000
16 Jan 2000SOLD$134,700
10 Oct 1993SOLD$94,000
15 Mar 1981SOLD$37,000
Present Day
22 Feb
2024
Sold for $1,990,000
1 year 5 months 4 days
16 Feb
2024
By Negotiation — Price Not Disclosed
Listed by Jo Nieper of Berry Real Estate, (Licensed: Reaa 2008)
5 Aug
2023
By Negotiation — Price Not Disclosed
Listed by Justine Burke of New Zealand Sotheby's International Realty, (Licensed: Reaa 2008)
5 Nov
2022
Asking Price — $2,000,000
Listed by Vicky Coulter of Proppy .Co.NZ, (Licensed: Reaa 2008)
22 Feb
2022
By Negotiation — Price Not Disclosed
Listed by Neil Bulling of Pgg Wrightson Real Estate Ltd (Cromwell), (Licensed: Reaa 2008)
29 Jan
2021
Sold for $1,500,000
4 years 5 months 27 days
Sold by Neil Bulling of Pgg Wrightson Real Estate Ltd (Cromwell)
10 Dec
2020
Price on Application — Price Not Disclosed
Listed by Neil Bulling of Pgg Wrightson Real Estate Ltd (Cromwell)
19 Jan
2015
Sold for $625,000
10 years 6 months 7 days
10 Sep
2009
Sold for $490,000
15 years 10 months 16 days
22 May
2006
Sold for $430,000
19 years 2 months 4 days
9 Dec
2003
Sold for $411,000
21 years 7 months 17 days
16 Jan
2000
Sold for $134,700
25 years 6 months 10 days
10 Oct
1993
Sold for $94,000
31 years 9 months 16 days
15 Mar
1981
Sold for $37,000
44 years 4 months 11 days
1965
Property Built

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Rating Valuation

Capital Value
$1,600,000
Land Value
$720,000
Improvement Value
$880,000
Legal Description(s)

Lot 1 Deposited Plan 333634

Valuation Date
01-10-2022
Valuation Reference
28421/29400

Additional Information

Roof Construction
Steel/G-Iron
Zone
Rural Industry Zone B, 1B
Units of Use
1
Wall Construction
Mix.Material
Maori Land
No
Territorial Authority
Central Otago District
Land Use
Single Unit excluding Bach

Suburb Insights

Created with Highcharts 7.2.1SuburbJul-2024Aug-2024Sep-2024Oct-2024Nov-2024Dec-2024Jan-2025Feb-2025Mar-2025Apr-2025May-2025Jun-2025$400K$500K$600K$700K$800K$900K$1.00M
Median Sale Price(12 MTH)
$824K
Sale Price Change(12 MTH)
0.89%
Avg Days on Market(12 MTH)
25 days
Median Rent(3 MTH)
$635/W
Median Rent Change(12 MTH)
6.70%
Median Rent Yield(12 MTH)
3.40%

Comparable Properties

There are no similar properties in the area that are listed for sale or recently sold.