25 Elmwood Drive, Methven, Ashburton

Nestled at 25 Elmwood Drive in the serene Methven, Ashburton, this residential vacant land boasts a level contour on a freehold title. While the specifics of the wall and roof construction remain unknown, the property presents a promising investment with a current Capital Value (CV) of $210,000 as of July 1, 2024. The land area spans 903 square meters, with no specified floor area or car parks, allowing for a variety of development opportunities.

History shows a fluctuation in CV, with a previous value of $250,000 as of July 1, 2021, indicating a 16% decrease. However, the HouGarden AVM estimates the property's worth at $250,000, aligning with the latest sale on October 10, 2024, at $222,000. This dynamic suggests potential for value appreciation in the future.

For families with educational considerations, this property falls within the zones of several well-regarded schools. These include Villa Maria College (Secondary, Decile 9), St Thomas of Canterbury College (Secondary, Decile 8), Methven School (Contributing, Decile 9), Mount Hutt College (Secondary Zone, Decile 9), Ashburton Christian School (Composite, Decile 6), and Craighead Diocesan School (Secondary, Decile 9), ensuring a range of educational options for all ages.

Updated on November 13, 2024