Nestled on the prestigious Racecourse Road in Ashburton, this 3-bedroom, 1-bathroom freehold property, built in 1963, boasts a brick exterior and an iron roof. With a floor area of 150 square meters and sitting on a vast land of 2.02 hectares, it offers a serene lifestyle. The property has seen a significant Capital Value increase of 22.06%, from $680,000 in 2018 to $830,000 as of 2021. The latest sale history shows a transaction at $845,000 in 2024, indicating a continuously rising trend. HouGarden AVM estimates the property's value at $810,000, making it an attractive investment opportunity.
Government valuations highlight the property's growth potential, while the recent sale history underscores its desirability. The property's Resource Consent in place adds further value, providing a solid foundation for potential development. The well-maintained grounds, with established trees and a sunny patio, offer privacy and a perfect setting for outdoor entertainment.
For families with school-aged children, the property falls within the catchment area of several high-performing schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8). Other nearby schools include Ashburton Christian School and Allenton School, ensuring a range of educational options for all ages.
Updated on July 26, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.06 km | 4 | 210m2 | Year 2024 Month 11 Day 24 | $980,000 | Council approved | ||
0.75 km | 0m2 | Year 2024 Month 09 Day 22 | $700,000 | Council approved | ||||
 | 0.13 km | 4 | 270m2 | Year 2024 Month 09 Day 02 | $840,000 | Council approved | ||
 | 0.35 km | 3 | 1 | 121m2 | Year 2024 Month 08 Day 13 | - | Council approved | |
0.77 km | 3 | 226m2 | Year 2024 Month 07 Day 22 | $1,322,000 | Council approved |