30 Chapman Street, Methven, Ashburton

Nestled in the tranquility of a quiet cul-de-sac at 30 Chapman Street, Methven, Ashburton, this versatile freehold property boasts 7 bedrooms, 1 bathroom, and a single carpark, all set on a levelled 1012sqm of land. Constructed in 1960 with mixed materials for the walls and iron for the roof, both in good condition, this residential rental complex has a floor area of 260sqm. The property's government valuation has seen a 6.02% increase from $415,000 in 2018 to $440,000 as of July 2021. The HouGarden AVM estimates the property's value at $432,500, while the latest sale records show transactions at $436,200 in 2024 and $360,000 in 2018.

With a rich history, originally operated as a backpackers, this property now stands as a potential goldmine for investors. It's currently configured as three separate long-term rental properties. The main house, a charming beauty, features high ceilings and a communal bathroom, while the front unit and back unit offer self-contained accommodations. The property presents a blank canvas for the imaginative buyer, whether to live in, renovate, or explore other income-generating opportunities.

For families, the property falls within the zones of several high-performing schools. These include Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Methven School (decile 9), Mount Hutt College (decile 9), Ashburton Christian School (decile 6), and Craighead Diocesan School (decile 9), ensuring access to quality education.

Updated on August 21, 2024