265 Ashgrove Terrace, Somerfield, Christchurch

Nestled in the serene Somerfield, this charming 1950s residence on 265 Ashgrove Terrace boasts 4 bedrooms, 2 carparks, and a floor area of 151 square meters on a generous land of 741 square meters. Constructed with roughcast walls and tiled roof, this freehold property exudes a warm and inviting ambiance. The capital value has seen a rapid increase of 50%, jumping from $660,000 in 2019 to $990,000 in 2022, while the HouGarden AVM estimates it at $965,000. The property last changed hands in 1997 for $230,000, highlighting its appreciating value.

With a CV growth rate that outpaces the market, this property is not just a home but a sound investment. The well-maintained structure, both inside and out, features a cozy log fire for winter warmth and a beautifully landscaped garden that adds a touch of elegance. Its location is a plus, being across from Thorrington and Ernle Clark Reserves and in close proximity to South City Library and Beckenham shops.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Cashmere High School (Decile 9), ensuring access to quality education.

Updated on August 30, 2024