45 East Belt, Rangiora, Waimakariri

Nestled in the tranquility of a quiet cul-de-sac at 45 East Belt, Rangiora, Waimakariri, this residential dwelling on a freehold title boasts 4 bedrooms, 2 carparks, and a floor area of 136sqm. Constructed in 1950 with concrete walls and an iron roof, both in average condition, the property sits on a levelled 1266sqm section. The highlight is the significant Capital Value (CV) increase from $440,000 in August 2019 to $680,000 as of July 2022, reflecting a growth of 54.5%. The property also presents a HouGarden AVM of $660,000 and a latest sale history of $665,000 in June 2024, a substantial leap from the $157,000 sale in 1993.

With a CV on the rise and a prime location, the property is zoned for esteemed educational institutions. Rangiora High School, a secondary school with a decile rating of 9, and Rangiora Borough School, a full primary with a decile rating of 7, are among the notable schools in the area. Other schools include Rangiora New Life School, Christchurch Adventist School, and Marian College, all within reach.

This home, with its spacious layout, new roof, and potential for subdivision, offers more than just a quarter-acre of land and ample garaging. It's a solid investment opportunity in a desirable school zone, perfect for a growing family.

Updated on August 01, 2024