Nestled on an expansive 809sqm freehold section in the coveted Hillsborough suburb, this charming 2-bedroom, 1-bathroom residence exudes potential with its concrete walls and tiled roof, built in the era of 1950. The property boasts a floor area of 97sqm, with a tandem garage and a large attached studio, all double-glazed for comfort. Notably, the capital value has surged by 28.57% from $350,000 in 2019 to $450,000 as of 2022, showcasing a rapid growth rate. The latest sale history includes transactions in 2017 for $355,000 and in 2007 for $268,000, while the current HouGarden AVM estimates the property at $417,500.
For families with school-aged children, the property falls within the catchment of several well-regarded schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Marian College (Decile 8), among others. This addresses both educational needs and future investment value.
With its prime location, close to the Port Hills playground and The Tannery, and with easy access to the city and beaches, this property presents a golden opportunity for first home buyers. The owners are motivated to sell, and the property is priced to attract serious buyers looking for a well-insulated, low-maintenance family home.
Updated on May 07, 2024