75 Grey Street, Ashburton, Ashburton

Nestled in the heart of Ashburton on Grey Street, this charming 2-bedroom, 1-bathroom residence with a single carpark is a perfect blend of classic and comfort. Constructed in 1940 with solid brick walls and a concrete tile roof, this freehold property sits on a level contour with a floor area of 103sqm and a land area of 411sqm. The capital value has seen a significant increase of 17.91% from $335,000 in 2021 to $395,000 as of 2024, reflecting its growing appeal. The property is currently tenanted, presenting an attractive opportunity for investors, while also being a feasible option for first-time homebuyers. The living space is open and spacious, merging with the dining and kitchen area, and the laundry and toilet are separate, adding to the convenience. The HouGarden AVM estimates the property's value at $340,000, with the latest sale recorded at $400,000 in 2024, showcasing its market potential.

Educationally, the property falls within a desirable school zone, including the highly-rated Villa Maria College and St Thomas of Canterbury College, both secondary schools with deciles of 9 and 8 respectively. Other schools in the area include Ashburton Christian School, Ashburton College, St Joseph's School, Ashburton Intermediate, Ashburton Netherby School, Hampstead School, and Craighead Diocesan School, catering to various educational needs and levels.

With a combination of a prime location, solid construction, and promising investment returns, this property in a quiet cul-de-sac is not just a home but a wise investment choice.

Updated on October 02, 2024