Positioned in the serene and sought-after cul-de-sac of Nursery Drive, Tinwald, Ashburton, this 1976-built residential dwelling boasts a freehold title. The 3-bedroom, single bathroom home is complemented by a spacious living area that seamlessly transitions to an outdoor covered patio. Constructed with durable concrete walls and an iron roof in good condition, the property sits on a level contour with a floor area of 106 square meters and a land area of 983 square meters. The property's capital value has seen a rapid increase, rising from $295,000 in 2018 to $385,000 in 2021, indicating a growth rate of 30.5%.
With a HouGarden AVM valuation of $377,500 and a latest sale record of $451,000 in 2024, this property presents a solid investment opportunity. The previous sale in 2009 was at $260,000, showcasing the consistent capital appreciation over the years.
For families with school-aged children, the property falls within the zone of several high-performing schools. These include Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Craighead Diocesan School (Decile 9) for secondary education, as well as St Joseph's School (Decile 8) and Ashburton Borough School (Decile 7) for primary education.
Updated on August 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.45 km | 3 | 180m2 | Year 2024 Month 10 Day 08 | $655,000 | Council approved | ||
 | 0.31 km | 4 | 170m2 | Year 2024 Month 09 Day 27 | $585,000 | Council approved | ||
 | 0.23 km | 4 | 238m2 | Year 2024 Month 09 Day 19 | $740,000 | Council approved | ||
 | 0.32 km | 2 | 1 | 151m2 | Year 2024 Month 07 Day 12 | $500,000 | Council approved | |
 | 0.23 km | 3 | 1 | 103m2 | Year 2024 Month 07 Day 08 | $380,000 | Council approved |