market comparison 169 mackenzie drive

Comparative Market Analysis 16 March 2021

PROPERTY DETAILS

169 MacKenzie Drive169 MacKenzie DriveTwizelTwizelMackenzieMackenziePREPARED FOR

market comparisonmarket comparison

PREPARED BY:Coralie Reid

81 Irishman Drive. P O BOX 150. Twizel 7944

P: 03 435 0303 M: 021 919 089 [email protected]

Licensed Real Estate Agent REAA 2008






Property DetailsProperty DetailsADDRESS169 MacKenzie DriveTwizelMackenzie

PREPARED FORmarket comparison

DESCRIPTIONThis Comparative Market Analysis provides anestimate of the probable selling price for 169MacKenzie Drive, Twizel, Mackenzie.

The estimated selling price is based on otherproperties deemed 'comparable' - either sold orcurrently for sale in the area – plus supporting marketinformation.

COMPARABLE SALES RANGEThe sale price of comparable properties in this reportrange between $450,000 and $495,000.

MOST RELEVANT RECENT SALE16 MacKenzie Drive which sold for $472,000 on 10 December 2020

MY RECOMMENDATIONBased on the selected properties that have soldnearby, this property has a deadline sale priceguideline of

$479,000

CAPITAL VALUE$460,000

LAND VALUE$265,000

BEDROOMS2

CAR SPACES

AGE OF BUILDING1970-1979

LAND AREA649 m²

FLOOR AREA70 m²

BATHROOMS1

FEATURESWell maintained exterior. &property overall

CCC for sleep out

Central locality.

Fully furnished.

larger living dining space






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Sold NearbySold NearbyThe Real Estate Agents Act requires any recommendation to be supported by an analysis of sold properties that aredeemed comparable. These sold comparable properties have been selected based on their geographical proximity,similarity of their attributes and time of sale.

Sale Price $450,000 to $495,000 Median $463,000 Mean $468,450 The median of the propertieslisted below sold 2.89% abovethe current C.V.

C.V $440,000 to $475,000 Median $450,000 Mean $455,000

241 MacKen zie Dr ive, T wizel, Mack en zie241 MacKen zie Dr ive, T wizel, Mack en zie

Last Sold $462,250 - 01 Feb 21Capital Value $460,000 - 01 Oct 20Land Value $265,000 - 01 Oct 20Land Use Residence Land Area 701 m²

Floor Area 70 m²Roof Steel/G-IronWalls Wood (incl

Weatherboard)Building Age 1970-1979

ComparableKitchen is modern, newer bathroom vanity, Heat pump, easy care section with lots of off street parking,sunny deck to entertain on.

18 H op k in s R oad , T wizel, Mack en zie18 H op k in s R oad , T wizel, Mack en zie

Last Sold $463,000 - 15 Dec 20Capital Value $450,000 - 01 Oct 20Land Value $265,000 - 01 Oct 20Land Use Residence Land Area 714 m²



InferiorLarger 3 bedroom option bedrooms off hallway. More original in presentation.






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51 Sef ton St r eet , T wizel,51 Sef ton St r eet , T wizel,


Floor Area 80 m²Roof Steel/G-IronWalls Fibre CementBuilding Age 1970-1979

InferiorHad sleep out & Twizel garage, larger layout, updated bathroom , original kitchen





SuperiorMaster bedroom is large with external door to the deck, second bedroom located off the living area with amodern kitchen. Bathroom is complete with a wet floor shower. A Yunca wood-burner with a heat-pump willkeep the house nice and cosy all year round. Great deck is in place with north Facing to capture all day sunand views.

47 Mar yb u r n R oad , T wizel, , Dead lin e Sale comp ar ison s47 Mar yb u r n R oad , T wizel, , Dead lin e Sale comp ar ison s

Last Sold $495,000 - 01 Mar 21Capital Value $475,000 - 01 Oct 20Land Value $265,000 - 01 Oct 20Land Use Land Area 687 m²

Floor Area 80 m²Roof Steel/G-IronWalls Roughcast, etcBuilding Age 1970-1979

Superior3 Bedroom newer kitchen, well presented.






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For Sale NearbyFor Sale NearbyThe recommendation is further supported by analysis of properties currently for sale that are deemed comparable.These comparable properties have been selected based on their geographical proximity and similarity of theirattributes.

38 F alston e Cr escen t , T wizel, Mack en zie38 F alston e Cr escen t , T wizel, Mack en zie

Listed 5 Mar 2021 forDeadline Sale

Capital Value $435,000Land Value $265,000Category Residential HouseLand Area 735 m²



SuperiorMore modern sleep out ( 2 rooms) Living opens up to back yard.

20 Omah au Cr escen t , T wizel, Mack en zie20 Omah au Cr escen t , T wizel, Mack en zie

Listed 16 Feb 2021 for TenderCapital Value $475,000Land Value $265,000Category Residential HouseLand Area 644 m²

Floor Area 100 m²Roof Steel/G-IronWalls Fibre CementBuilding Age 1970-1979

SuperiorLarger property.


Listed 22 Dec 2020 for$475,000

Capital Value $450,000Land Value $265,000Category Residential House

Land Area 650 m²Floor Area 70 m²Roof Steel/G-IronWalls Roughcast, etcBuilding Age 1970-1979






Residential InsightsResidential InsightsSuburb: Twizel

Number of SalesLast 3 Months Last 6 Months Last 12 Months

Number of Sales 51 84 139Percentage of Twizel's Properties Sold 3.99% 6.57% 10.88%

Sale Performance

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▼

February 2021 February 2020 % Change

Median Days To Sell 62 48 29%Median Sale Price $295,000 $485,000 39%

Feb 2021

Average Valuation $Median List Price NA

Sale Types in February 2021TWIZEL MACKENZIE DISTRICT

Number of Sales/Month in Twizel and Mackenzie District

Sources: REINZ, Headway Systems Ltd., Custom Software Ltd.






Median Sale Price in Twizel and Mackenzie District


Number of Listings/Month in Twizel and Mackenzie District

Sources: REINZ, Headway Systems Ltd., Custom Software Ltd., Realestate.co.nz

Median Days to Sell in Twizel and Mackenzie District







DisclaimerDisclaimerRVL does not warrant the accuracy or completeness of the information provided in this report and does not acceptliability for any losses incurred, either directly or indirectly, by any person arising from or in connection with thesupply or use of the whole or any part of this report or the PropertySmarts service.

market comparison 169 mackenzie drive

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