5 Nelson Street, Hampstead, Ashburton

Nestled in the tranquil Hampstead neighborhood at 5 Nelson Street, Ashburton, this residential dwelling on a freehold title offers a project-ready opportunity. Constructed in 1920 with wood walls and an iron roof in good condition, the property features 2 bedrooms, 1 bathroom, a single carpark, and a floor area of 95sqm on a spacious 607sqm section. It's equipped with a heat pump and has a large dining and living area complemented by a charming kitchen. The property, though needing some TLC, is in a prime location, close to various schools and just a 10-minute walk to the CBD. The capital value has seen a significant increase of 19.05% from $315,000 in 2021 to $375,000 as of 2024. The HouGarden AVM estimates it at $372,500, while the latest sale history dates back to 2006 at $132,000. This is a perfect fit for those seeking a fixer-upper or a potential flip.

Government valuations highlight a rising trend, reflecting the property's potential. The surrounding school network includes high-decile institutions like Villa Maria College and St Thomas of Canterbury College, making it an attractive option for families.

With a bit of effort and renovation, this property can be transformed into a gem. Roll up your sleeves and seize this opportunity to add value to a home in a desirable location.

Updated on November 25, 2024