Nestled in the serene Glentunnel, this residential vacant lot at 3 Railway Terrace is a freehold property that offers a picturesque setting for your dream home. With a land area of 1013 square meters, it boasts a level contour and is devoid of any covenant restrictions, with water and power readily available at the boundary. The property, although missing details on room count and construction, presents a park-like environment with mature trees that promise privacy and tranquility. The unknown state of the walls and roof only add to the potential for customization. Historically, the property's capital value has remained stable at $195,000 since September 2021, with a HouGarden AVM estimate of $190,000. Notably, the latest sale in 2024 was at $290,000, indicating a significant increase from the 2014 sale price of $105,000.
When it comes to educational opportunities, this property falls within the zones of several high-performing schools, including Villa Maria College and Darfield High School, both with a decile rating of 9, and St Thomas of Canterbury College with a rating of 8. Glentunnel School and Middleton Grange School also offer strong educational foundations. This peaceful cul-de-sac is, indeed, an ideal location for families seeking a quality education in a tranquil environment.
With its charming locale, away from the city's hustle and bustle, yet within an hour's drive to Christchurch, this property on Railway Terrace is a gem waiting to be polished. Whether you envision a cozy cottage or a modern abode, the stage is set for your aspirations.
Updated on November 06, 2024