Nestled in the heart of Rakaia, this Freehold property on Railway Terrace boasts a prime location for a variety of activities, including retail, residential, and commercial. Constructed with Iron for both the walls and roof, this Industrial-Service category premise sits on a spacious land area of 1281sqm, offering a single carpark and a floor area of 530sqm. The walls and roof are in fair condition, ensuring structural integrity. With a CV of $320,000 as of 2024, this property has shown a notable increase of 12.28% from its previous valuation of $285,000 in 2021.
Valuation history shows a consistent rise, with the HouGarden AVM matching the latest CV. The latest sale was recorded on 2024-10-11 for $244,000, a significant jump from the sale in 2000 for $37,000. This indicates a promising trend in the property's market value.
For families, the property falls within the zones of several esteemed schools. Villa Maria College and Mount Hutt College, both secondary schools with a decile rating of 9, are in close proximity. St Thomas of Canterbury College, Craighead Diocesan School, and Ashburton Christian School offer additional educational options, while Ashburton College provides secondary education with a decile rating of 6. This central Rakaia opportunity is not just a property but a gateway to quality education.
Updated on November 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.19 km | 0m2 | Year 2025 Month 02 Day 07 | $159,000 | Council approved | |||
 | 0.25 km | 0m2 | Year 2025 Month 01 Day 15 | $174,000 | Council approved | |||
 | 0.28 km | 0m2 | Year 2025 Month 01 Day 14 | $165,000 | Council approved | |||
 | 0.19 km | 3 | 1 | 127m2 | Year 2024 Month 11 Day 27 | $450,000 | Council approved | |
 | 0.20 km | 3 | 2 | 0m2 | Year 2024 Month 10 Day 30 | - | Council approved |