18 Spring Place, Leeston, Selwyn

Nestled at 18 Spring Place in the serene Leeston, Selwyn, this Lifestyle - Improved property boasts a freehold title on 1.7 hectares of Living 1 zoned land. Constructed in 2000 with a mix of materials for the walls and iron for the roof, the home stands with an average condition, both inside and out. It features 5 bedrooms, 2 carparks, and a generous floor area of 198 square meters. The property's capital value has maintained stability with a 0.0% increase from July to September 2021, valued at $950,000. Notably, the HouGarden AVM estimates a slightly lower value at $917,500.

History shows a significant leap in the latest sale price, from $20,000 in 1991 to $925,000 in January 2021, indicating a promising investment opportunity. The council's openness to further subdivision, particularly for high-density development, adds to the property's allure. With sites selling for approximately $235,000 to $250,000, and the main house valued at around $650,000 on its own site, this is a golden chance for developers looking to enter the market.

For families, the property falls within a highly regarded school zone. The nearby Villa Maria College, Ellesmere College, Leeston School, and St Thomas of Canterbury College all cater to secondary students, with deciles ranging from 8 to 9. Additionally, Middleton Grange School and Aidanfield Christian School offer composite education, while Christchurch Adventist School provides an alternative option, all contributing to a well-rounded educational community.

Updated on October 30, 2024