5 Browns Road, Dunsandel, Selwyn

Located at 5 Browns Road, Dunsandel, Selwyn, this residential dwelling boasts a freehold ownership type with a land area of 922 square meters and a floor area of 122 square meters. The property, built in 1953, features three bedrooms, two car parks, and is constructed with wood walls and an aluminium roof, both in average condition. The level property contour enhances its appeal, making it a potential-packed investment with options for living, renting, or further development.

The capital value of the property has remained steady at $450,000 as of September 2021, with no increase from July 2021. The HouGarden AVM estimates the property's value at $432,500. Historical sales data reveals a significant appreciation, with the latest sale in May 2012 at $270,000, following a previous sale in April 2005 at $148,000. This property holds high investor and development appeal, underscored by a recent rental appraisal suggesting a combined annual income of $60,000, with potential for higher yields upon the construction of additional dwellings.

Located within excellent school zones, the property offers access to high-decile schools including Villa Maria College, Dunsandel School, Ellesmere College, St Thomas of Canterbury College, Middleton Grange School, and Christchurch Adventist School, with deciles ranging from 5 to 9. This ensures a promising educational environment for residents.

Updated on April 05, 2024.