2 Olympus Terrace, Castle Hill, Selwyn

Nestled at 2 Olympus Terrace, Castle Hill, Selwyn, this residential vacant land boasts a freehold title, offering a level contour and unknown wall and roof construction. With a land area of 496 square meters, it presents a prime location with panoramic views of the Craigieburn and Torlesse ranges. The property is priced at $425,000, reflecting a realistic asking price for this rapidly appreciating area, which is known for its year-round recreational activities, including mountain biking, skiing, hiking, climbing, and water sports, all within an hour's drive from Christchurch.

As per the latest records, the capital value has remained stable at $380,000 since September 2021, with no increase observed. The HouGarden AVM estimates the property's value at $377,500, while the last sale was recorded in 2013 at $365,000. This indicates a potential for growth in an area where properties are tightly held.

For families, the property falls within the catchment area of several well-regarded schools. These include Villa Maria College (Secondary, Decile 9), Springfield School (Contributing, Decile 6), Darfield High School (Secondary, Decile 9), St Thomas of Canterbury College (Secondary, Decile 8), Middleton Grange School (Years 11-13, Composite, Decile 9), and Christchurch Adventist School (Composite, Decile 5), ensuring access to quality education.

Updated on November 19, 2024