Nestled on the prestigious Racecourse Road in Ashburton, this 3-bedroom, 1-bathroom freehold property, built in 1963, boasts a brick exterior and an iron roof. With a floor area of 150 square meters and sitting on a vast land of 2.02 hectares, it offers a serene lifestyle. The property has seen a significant Capital Value increase of 22.06%, from $680,000 in 2018 to $830,000 as of 2021. The latest sale history shows a transaction at $845,000 in 2024, indicating a continuously rising trend. HouGarden AVM estimates the property's value at $810,000, making it an attractive investment opportunity.
Government valuations highlight the property's growth potential, while the recent sale history underscores its desirability. The property's Resource Consent in place adds further value, providing a solid foundation for potential development. The well-maintained grounds, with established trees and a sunny patio, offer privacy and a perfect setting for outdoor entertainment.
For families with school-aged children, the property falls within the catchment area of several high-performing schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8). Other nearby schools include Ashburton Christian School and Allenton School, ensuring a range of educational options for all ages.
Updated on July 26, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 1.06 km | 4 | 210m2 | 2024 11 24 | $980,000 | Council approved | ||
0.75 km | 0m2 | 2024 09 22 | $700,000 | Council approved | ||||
1.88 km | 3 | 250m2 | 2024 09 19 | $635,000 | Council approved | |||
 | 1.61 km | 4 | 270m2 | 2024 09 02 | $840,000 | Council approved | ||
 | 1.82 km | 3 | 1 | 121m2 | 2024 08 13 | - | Council approved |