8 Elizabeth Avenue, Rakaia, Ashburton

This charming property located at 8 Elizabeth Avenue, Rakaia, Ashburton, encompasses a residential dwelling with 2 bedrooms, a generous open plan kitchen/dining/lounge area, and a tandem garage. The exterior boasts brick walls and a fibrous cement roof, both in average condition, reflecting the building's 1950s origin. The freehold property spans over a 1012 square meter level land area, offering ample outdoor space for activities and potential future developments. The kitchen is equipped with modern appliances, including a dishwasher, and flows into a cozy lounge with a wood fire, ensuring warmth. The long tandem garage provides parking for two vehicles or space for a workshop, and the fully fenced yard offers security and privacy.

The property has seen a significant increase in capital value, from $235,000 in July 2018 to $325,000 in July 2021, marking a 38.3% growth. The latest sale on January 6, 2024, was at $418,000, indicating a strong market demand. The HouGarden AVM estimates the property's value at $315,000.

Located in a prime area, the property is zoned for several high-decile schools, including Villa Maria College, St Thomas of Canterbury College, and Mount Hutt College, all with a decile rating of 9. Ashburton Christian School and Ashburton College, both with a decile rating of 6, and Craighead Diocesan School, also with a decile 9, are part of the excellent educational opportunities available. This property is an ideal investment opportunity or a family home with its proximity to schools, recreational facilities, and approximately 45 minutes to Christchurch.

Updated on April 06, 2024.