Embrace the opportunity to own a charming three-bedroom, one-bathroom residence with a freehold title, nestled in the peaceful locale of 74 Pattons Road, Mount Somers, Ashburton. Constructed in 1970 with robust concrete walls and an iron roof in good condition, this property sits on a levelled 857sqm section with a floor area of 115sqm. The package includes a double carpark and a sizeable double garage, perfect for the hobbyist or for additional storage. Notably, the capital value has seen a growth of 34.55% from $275,000 in 2018 to $370,000 in 2021, showcasing a promising investment potential. The HouGarden AVM estimates the property at $352,500, while the latest sale history records a significant leap from $263,000 in 2015 to $425,000 in 2024, indicating a thriving market for this quiet cul-de-sac.
For families with school-aged children, the property falls within the zones of several high-performing schools, including Villa Maria College and St Thomas of Canterbury College, both with a decile rating of 9, and Mount Hutt College with a decile rating of 9 as well. The nearby Mt Somers Springburn School offers a full primary education, also with a decile rating of 9. These educational institutions present an excellent opportunity for quality education.
Currently operating as a successful Airbnb, this versatile home offers the flexibility to be a permanent abode or a holiday retreat. The cozy living spaces are complemented by a large wood burner, ensuring comfort throughout the year. With its serene environment and strategic location, this property is a solid investment or the perfect choice for your next home.
Updated on April 10, 2024
