5 Meadow Lane, Tinwald, Ashburton

Nestled on a level plot at 5 Meadow Lane, Tinwald, Ashburton, this residential vacant land boasts a freehold title, offering potential buyers the opportunity for future development. While the specifics of the wall and roof construction remain unknown, the property's contour is flat, potentially simplifying construction endeavors. With no existing structures, the property currently lacks bedrooms, bathrooms, and carparks, making it a clean slate for the imaginative buyer.

As per the property's financials, the capital value has seen a significant increase from $160,000 in 2021 to $210,000 in 2024, reflecting a growth rate of 31.25%. The HouGarden AVM estimates the property's value at $200,000, while the latest sale on August 19, 2024, was recorded at $202,500, indicating a stable and potentially rising market for the area.

For families with educational considerations, the property falls within the catchment area of several well-regarded schools. These include Villa Maria College and Craighead Diocesan School, both with a decile rating of 9, St Thomas of Canterbury College with a rating of 8, and Ashburton Borough School and St Joseph's School, each with a rating of 7 and 8 respectively. The variety of educational institutions ensures a range of options for students of different ages and academic needs.

Updated on October 16, 2024