Views and location with Income Potential

Listed 6 Aug
39 Melmore Terrace, Cromwell, Central Otago, Otago
Enquiries over $1,250,000
Details
- Floor Area
- 185m²
- Land area
- 342m²
- Parking
- 2 car garaging, 1 off street carpark
- Broadband
- ADSL, Fibre, Satellite, VDSL, Wireless
- Capital value (CV)
- $1,260,000


Views and location with Income Potential
A luxury home with water and mountain views is impressive. A luxury home with water and mountain views that can also generate income year-round is exceptional. Positioned on Melmore Terrace, this contemporary residence has been designed for buyers seeking an effortless lock-and-leave lifestyle without compromising on comfort, quality or investment potential.
Designed to maximise both comfort and the spectacular outlook, the home's upper level is dedicated to effortless living and entertaining. The light-filled open-plan kitchen, dining and living area is framed by striking raked ceilings that enhance the sense of space, while expansive glazing creates postcard views from the kitchen, bedrooms and deck. The contemporary kitchen is beautifully appointed with generous storage and preparation space and comes with fridge and wine fridge.
Three generous bedrooms and three beautifully finished bathrooms, each featuring tiled showers, provide exceptional comfort and privacy for both family and guests. The luxurious main bathroom boasts a freestanding bath, providing the perfect place to unwind after a day on the lake, ski slopes or local cycle trails. A gas fire and heat pump ensure year-round comfort, while the home has the option to be sold fully furnished with everything you need to move straight in or begin welcoming guests immediately.
The south facing deck allows a sheltered viewpoint to enjoy snippets of the lake beyond the reserve. On the opposite side of the home, a private north-facing courtyard is the perfect setting for entertaining in every season. Finished with artificial turf, the outdoor space is beautifully low maintenance, designed for those who value lifestyle over maintenance. A double internal-access garage is complemented by additional off-street parking, offering plenty of space for vehicles and visiting guests without the burden of extensive upkeep.
Adding exceptional value is the property's highly sought-after 365-day Visitor Accommodation consent—a rare opportunity that allows you to generate premium income when you're not using the home yourself. Whether you're looking for a luxury holiday home that works for you year-round, an Airbnb investment, or an elegant permanent residence in a blue-chip location, this property offers a level of flexibility that is increasingly difficult to find.
To receive a property pack, visit http://www.tallpoppy.co.nz and select "Request Property Pack" on the listing to instantly access the available property documentation, including the Title, LIM and Market Rental Appraisal.
When you're ready to take the next step, simply click "Make an Offer" to submit your offer securely online. With a straightforward digital process and the support of Keeley and Niki from enquiry through to settlement, buying your next home, holiday retreat or investment is seamless and stress-free.

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Local Schools
- CROMWELL PRIMARY SCHOOLMolyneux AvenueRoll: 417
- CROMWELL EARLY LEARNING CENTRE INC53 Monaghan StreetRoll: 51
- LITTLE WONDERS CROMWELL102 Barry AvenueRoll: 63
- MOLYNEUX EDUCARE INC17 Molyneux AvenueRoll: 51
- CROMWELL COLLEGEBarry AvenueRoll: 696
- BARNARDOS EARLY LEARNING CENTRE CROMWELL25 A Gilling PlaceRoll: 46
- GOLDFIELDS SCHOOL (CROMWELL)Gilling PlaceRoll: 338
- KIDSFIRST KINDERGARTENS CROMWELL25 Gilling PlaceRoll: 26
- CLYDE SCHOOL25 Blyth StreetRoll: 174
- THE TERRACE SCHOOL (ALEXANDRA)Marslin StreetRoll: 291
- DUNSTAN HIGH SCHOOLEnterprise StreetRoll: 577
- ST GERARD'S SCHOOL (ALEXANDRA)2 Station StreetRoll: 165
- ALEXANDRA PRIMARY SCHOOL2 Ventry StreetRoll: 208
- WAKATIPU HIGH SCHOOL47-49 Red Oaks DriveRoll: 1552
- LIGER LEADERSHIP ACADEMYUnit 10 34 Grant RoadRoll: 32
- MT ASPIRING COLLEGE101 Plantation RoadRoll: 1315
Location info
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Open home times
SundaySun
11:15am - 11:45am
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SundaySun
11:15am - 11:45am
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Property insights
HomesEstimate
- Updated
- October 15, 2026
- Estimated value
- $1.19M - $1.32M
These are computer generated price guides only. For more information about this property, contact the agent.
RentEstimate
- Estimated rent
- Not yet available
- Rental yield
- Not yet available
More about RentEstimate and rental yield
Capital value
Summary of land value and improvement value. This is set by the council.
- Updated
- September 1, 2025
- Capital value
- $1,260,000
- Land value
- $380,000
- Improvement value
- $880,000
Capital Valuation and rates information is sourced from the relevant council. Confirm directly with the council before making any decisions based on this data.
Property trends
- Property estimate trend
- This home estimate range: 1.19M - 1.32M
- Suburb median
- Cromwell: 960K



