70 Rakaia Barrhill Methven Road, Rakaia, Ashburton

Nestled on a level plot of 4000 square meters, this vacant residential property at 70 Rakaia Barrhill Methven Road, Rakaia, Ashburton, is held under the freehold title. While the specifics of the exterior walls and roof construction remain unknown, the property's potential is undeniable. It boasts a capital value of $245,000 as of 2024, marking an impressive 8.89% increase from the previous year's valuation of $225,000. The property's latest sale history points to a transaction on September 25, 2024, at $225,087.

With a HouGarden AVM of $240,000, this property is not only an attractive investment but also holds significant value in its location within the catchment areas of several esteemed schools. The nearby Villa Maria College and Mount Hutt College, both secondary institutions with a decile rating of 9, are testament to the quality of education in the area. St Thomas of Canterbury College follows closely with a decile rating of 8, while Ashburton Christian School and Ashburton College cater to a range of year levels with their respective decile ratings of 6. Craighead Diocesan School rounds off the list with a decile rating of 9, offering a comprehensive secondary education.

Updated on November 13, 2024