2/38 Grey Street, Ashburton, Ashburton

Nestled in a serene cul-de-sac on Grey Street, Ashburton, this delightful 2-bedroom, 1-bathroom residence with a single carpark boasts a floor area of 90 square meters. Constructed in 1994 with sturdy iron roofing and attractive stone walls in good condition, the property sits on a level contour. It carries a Cross-Lease title, adding to its investment appeal. The capital value has seen a significant increase of 17.07%, jumping from $410,000 in 2021 to $480,000 as of 2024. The property's latest sale was recorded at $490,000 on November 20, 2024, showing a marked improvement from the previous sale of $332,500 in May 2020. HouGarden's AVM estimates the property's worth at $442,500, making it an attractive prospect for potential buyers.

For families with school-aged children, the property falls within the catchment area of several well-regarded institutions. These include Villa Maria College and St Thomas of Canterbury College, both secondary schools with high decile ratings of 9 and 8 respectively, along with a selection of primary and intermediate schools with varying deciles.

Retirees and investors alike will appreciate the freshly renovated interiors, brand new carpeting, and the added comfort of two heat pumps. The private rear section is both spacious and sunny, complemented by a separate single garage and two garden sheds. This property offers great value and a viewing is highly recommended to fully appreciate its charm and potential.

Updated on December 18, 2024