70 Melcombe Street, Tinwald, Ashburton

Located at 70 Melcombe Street, Tinwald, Ashburton, this freehold property offers a blend of comfort and convenience with its three bedrooms and a family bathroom, complemented by an additional shower in the laundry area. The open-plan kitchen, dining, and living areas create a welcoming space for family gatherings. The home is well-heated with two heat pumps and a DVS system, ensuring a cozy environment year-round. Insulation under the floor and in the ceiling enhances the home's energy efficiency. The property also features tandem garaging, extra storage shed, carport, and a secure section. Recently freshened up inside and out, this residence is ready for its new owner.

Since 2018, the capital value of this property has increased by 30%, from $300,000 to $390,000, reflecting its growing appeal in the market. The latest HouGarden AVM estimates its value at $372,500, while the most recent sale on January 19, 2024, was at $465,000, indicating a strong demand for properties in this area. Previously, it was sold for $339,000 on July 24, 2020. This property was returning $390 per week in rental, making it an attractive option for investors.

The property is situated in a prime school zone, offering access to a range of educational institutions with high decile ratings. Nearby schools include Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Craighead Diocesan School (Decile 9), among others, providing excellent educational opportunities for children of all ages.

Updated on April 06, 2024.