Nestled on a level plot at 51 Kingsdowne Drive, West Melton, Selwyn, this residential vacant land boasts a freehold title. The property, with unknown wall and roof construction, presents a potential investment opportunity with its spacious land area of 1342 square meters.
As per the latest valuations, the capital value has shown a significant increase, with the government valuation standing at $480,000 as of September 2021. The HouGarden AVM estimates the property's worth at $460,000, while the latest sale records from March 2024 indicate a transaction of $399,000, showing a notable growth from the previous sale in June 2021 at $350,000.
For families with school-aged children, the property falls within the zone of several high-performing schools. These include Villa Maria College (Secondary, Decile 9), West Melton School (Full Primary, Decile 10), Rolleston College (Secondary, Decile 10), St Thomas of Canterbury College (Secondary, Decile 8), Middleton Grange School (Years 11-13, Decile 9), and the Christchurch Adventist School (Composite, Decile 5), ensuring access to quality education.
Updated on April 11, 2024