61 Park Street, Ashburton, Ashburton

Nestled at 61 Park Street, Ashburton, this residential property with an income potential is a gem on a level contour. Constructed in 1960 with mixed materials for the walls and tiles for the roof, it stands strong with a good wall and roof condition. The property boasts a floor area of 340 square meters and is spread across a land area of 1012 square meters. It comes with 2 car parks and holds a freehold title, ensuring long-term investment security.

As for its financial history, the capital value has seen a dramatic increase from $550,000 in 2021 to $850,000 in 2024, showcasing a growth rate of 54.5%. The HouGarden AVM estimates the property's worth at $815,000, while the latest sale on August 27, 2024, was at $855,000, indicating a healthy market interest.

Educationally, the property falls within a highly sought-after school zone. It is in close proximity to Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Craighead Diocesan School (Decile 9) for secondary education, while Ashburton Borough School (Decile 7) and St Joseph's School (Decile 8) offer primary education options.

Updated on October 09, 2024