61 Michael Street, Rakaia, Ashburton

Nestled in the friendly community of Rakaia, this charming residence at 61 Michael Street, Ashburton, offers a promising investment on a freehold section. Constructed in 1940 with wood walls and a fibrous cement roof, this 2-bedroom, 1-bathroom home with a separate lounge, dining/kitchen, and a combined laundry/toilet, sits on a level plot of 1012 sqm. It boasts a fair condition exterior, 2 car parks, and a massive 73 sqm 3-car garage. The capital value has seen a significant increase from $225,000 in 2018 to $325,000 in 2021, reflecting a growth of 44.44%. The HouGarden AVM estimates it at $330,000, while the latest sale history dates back to 2006 at $132,000. This home is in the catchment area of top-rated schools such as Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), among others.

With a bit of tender love and care, this property has the potential to be transformed into a cozy character home. The grounds are a blank canvas, just waiting for the green thumb of a keen gardener. It's an exciting project for someone looking to renovate and enhance. Don't miss out on the opportunity to be part of a community that offers a primary school, medical center, and easy access to the snowfields of Mt Hutt and the renowned Rakaia River for fishing enthusiasts.

Perfect for families, this property falls within the zones of various well-regarded educational institutions, ensuring a quality education for your children. The Mount Hutt College (Secondary Zone) is a Decile 9 school, and the Ashburton Christian School offers a composite curriculum with a Decile 6 rating. Ashburton College and Craighead Diocesan School are also within reach, providing a range of educational options.

Updated on September 05, 2024