Nestled on the serene Ngaio Point in Duvauchelle, this charming residence at 42b Bayview Crescent is a 2-bedroom, 1-bathroom haven with a generous floor area of 51 square meters. Constructed in 1960 with iron roofing and fibrous cement walls, this cross-lease property boasts an average condition both inside and out. The capital value has seen a remarkable growth of 54.76% from $420,000 in August 2019 to $650,000 in August 2022. The property is set on a land with an easy to moderate fall contour, offering uninterrupted views of the Akaroa Harbour and the picturesque Onawe Peninsula.
With a current HouGarden AVM of $592,500 and a latest sale history of $540,000 in 2024, this property presents a sound investment opportunity. The previous sale in 2016 was at $400,000, indicating a consistent appreciation in value. The property's location is further enhanced by its proximity to top-rated schools such as Villa Maria College (Decile 9) and Middleton Grange School (Decile 9), among others.
For families with school-aged children, the property falls within the catchment area of various esteemed educational institutions. It's a short commute to the Akaroa Golf Club, Duvauchelle Hotel, and the picturesque village of Akaroa. This property is not just a home; it's an investment in a lifestyle that offers tranquility, stunning views, and convenient access to a wealth of amenities.
Updated on December 18, 2024