46 Scarborough Terrace, Hanmer Springs, Hurunui

Nestled in the serene Hanmer Springs, 46 Scarborough Terrace stands as a charming testament to classic Kiwi living. This freehold property, built in 1940, features 3 bedrooms, 2 showers, 2 toilets, and an open-plan living space that exudes simplicity and comfort. With a floor area of 111sqm and a land area of 439sqm, it is enveloped in wood walls and topped with an aluminium roof, both in average condition. Currently operating as a successful holiday rental, it is fully furnished and offers an outdoor living area that is sheltered and private, with glimpses of Mt Dumblane. The property's Capital Value (CV) as of July 2022 is $580,000, while the HouGarden AVM estimates it at $552,500. The latest sale on February 25, 2024, was for $620,000, indicating a significant increase in value. Its prime location, a short walk to thermal pools and shops, and closer still to forest walks and dog stream, adds to its allure.

From a valuation perspective, the property has shown a substantial growth in capital value, reflecting a promising investment. The recent sale history and AVM figures are indicative of a property in high demand, making it an attractive prospect for potential buyers.

For families with children, the school zone is a significant draw. With a decile rating that reflects its educational excellence, the local schools are well-regarded, offering a quality education within a community that values its tranquility and natural beauty.

Updated on April 17, 2024