138 Forest Drive, Methven, Ashburton

Located at 138 Forest Drive, Methven, Ashburton, this residential dwelling boasts a freehold ownership type with a floor area of 130 square meters and a generous land area of 694 square meters. Constructed in 2017, the property features three bedrooms and is characterized by its wood wall construction and iron roof, both in good condition. The level property contour adds to its appeal, making it a desirable choice for families and investors alike.

The property has seen a significant increase in capital value, rising from $385,000 in July 2018 to $485,000 in July 2021, marking a 25.97% growth. This is complemented by a HouGarden AVM of $475,000. The latest sale recorded on February 22, 2024, was at $648,000, up from $195,000 on February 15, 2017, showcasing the property's substantial appreciation over time.

Education is a priority, with the property situated in a prime school zone. It is zoned for Villa Maria College, St Thomas of Canterbury College, Methven School, Mount Hutt College (Secondary Zone), Ashburton Christian School, and Craighead Diocesan School. These institutions boast high decile ratings, ranging from 6 to 9, indicating a high standard of education available to residents.