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Sold: $500,000

Sold on 2024 Year 2024 Month 06 Day 04

10 Farquhar Place, Methven, Ashburton

2
1
80m2

Nestled at 10 Farquhar Place, a quiet cul-de-sac in Methven, Ashburton, this residential dwelling boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1991 with roughcast walls and roof, the property sits on a level contour and is maintained in average condition. It is held under a Cross-Lease ownership title.

As per the latest valuations, the capital value has seen a significant increase from $195,000 in 2018 to $295,000 in 2021, reflecting a growth rate of 51.28%. The HouGarden AVM estimates the property's worth at $290,000. Notably, the latest sale history includes a transaction for $500,000 in June 2024, a stark contrast to the $65,000 sale in March 2003.

For families with school-going children, the property falls within the zones of several well-regarded institutions. These include Villa Maria College and St Thomas of Canterbury College, both secondary schools with high decile ratings of 9 and 8 respectively. Methven School, Mount Hutt College, and Craighead Diocesan School are also within reach, all boasting a decile rating of 9, while Ashburton Christian School offers a composite curriculum with a decile rating of 6.

Updated on July 26, 2024

Council Data

Last update : 2025 02 26
Improvement value$200,000Increased by 16% from year 2021
Land value$145,000Increased by 17% from year 2021
CV(Year 2024 Month 07)$345,000Increased by 16% from year 2021
View typeNo appreciable view
ContourLevel
Floor area80m²
Decade of construction1991
TitleCB34C/393
Type of titleCross-Lease
Legal descriptionFLAT 1 DP 58737 ON LOT 11 DP 35710 HAVING 1/2 INT IN 643 SQ METRES
CouncilAshburton
Estate descriptionFSIM,1/2,LOT 11 DEPOSITED PLAN 35710,643m2
ConstructionExternal Walls: Roughcast
Roof: Roughcast
ConditionExternal Walls: Average
Roof: Average
ZoningResidential C

Similar Properties

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Methven School
1.33 km
Primary
1-6
Government
Co-Educational
EQI: 423
9
Mount Hutt College
1.43 km
Secondary
7-15
Government
Co-Educational
EQI: 436
9
Ashburton Christian School
33.35 km
Combined
1-10
Government
Co-Educational
EQI: 435
6
St Thomas of Canterbury College
74.43 km
Secondary
7-15
Government
Single Sex-Boys
EQI: 427
8
Villa Maria College
75.42 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 407
9
Craighead Diocesan School
90.99 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9

Property history

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For developers

Unitary plan:Residential C
Land:-
Title:Cross-Lease

Farquhar Place Neighborhood and Surrounding Data

Mortgage

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Data source
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-m2
Year 2024 Month 09 Day 06
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3
-m2
Year 2024 Month 09 Day 06
$825,000
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