8 Izone Drive, Rolleston, Selwyn

Nestled in the thriving Izone Industrial Park, this 184sqm, 3-bedroom unit with a Unit Title presents an ideal opportunity for both owner-occupiers and investors. Constructed in 2009 with robust concrete walls and an Iron roof in good condition, it boasts separate office and warehouse spaces downstairs, and a self-contained 2-bedroom apartment upstairs, heated by a heat pump and heat transfer system. The property features dual vehicular access, 5 car parks, and is mere steps away from two local restaurant/bars. As of September 2021, the Capital Value stands at $590,000 with a stable growth history. The HouGarden AVM estimates it at $562,500, while the latest sale was recorded at $655,600 in 2024, showing a significant increase from the 2017 sale price of $497,500.

Regarding the government valuation, the Capital Value has maintained a consistent figure, indicating a reliable investment. The CV increase percentage is 0.0%, reflecting a stable market sentiment. This property is located in a prime school zone, with Weedons School (Decile 10), Rolleston College (Decile 10), and Villa Maria College (Decile 9) among the highly rated educational institutions in the area.

For families with school-aged children, this property falls within a highly sought-after school network. The nearby schools, including St Thomas of Canterbury College (Decile 8) and Middleton Grange School for Years 11-13 (Decile 9), offer diverse educational opportunities. The Christchurch Adventist School (Decile 5) is also an option, providing a composite learning environment.

Updated on October 09, 2024