48 Alford Forest Road, Allenton, Ashburton

Nestled in the heart of Ashburton, 48 Alford Forest Road presents a lucrative investment opportunity on a freehold section. This 1969-built duplex property boasts 4 bedrooms, 2 carparks, and a floor area of 180m2. Constructed with concrete walls and an iron roof, both units have been revitalized to meet modern standards. The property sits on a level 728m2 section, with each unit featuring sunlit living areas, modernized kitchens, and separate bathrooms. Notably, the capital value has seen a 16.88% increase from $385,000 in 2018 to $450,000 in 2021. The HouGarden AVM estimates the property's value at $442,500, while the latest sale in 2024 was for $635,750. This 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), making it an ideal investment for families.

With a rental appraisal indicating $470-490 per week per unit, this property offers an excellent return on investment. The addition of a heat pump, Smart Vent System, and R4.0 ceiling batts ensures comfort year-round. Its convenient location near amenities and schools, coupled with the potential for various accommodation arrangements, makes this a golden opportunity for investors, families, or those seeking a live-in investment.

Educationally, the property is zoned for a range of schools, from primary to secondary, with many scoring highly on the decile rating system. This ensures access to quality education for families with children of all ages.

Updated on August 14, 2024