2/138 Grove Street, Tinwald, Ashburton

Nestled in the tranquility of a quiet cul-de-sac at 2/138 Grove Street, Tinwald, Ashburton, this delightful 2-bedroom, 1-bathroom unit boasts a prime location and a freehold status. Constructed in 1977 with concrete walls and an iron roof, both in good condition, the property sits on a level contour with a floor area of 80 square meters and a carpark. The cross-lease ownership adds to the property's appeal. The capital value has seen a significant increase, rising from $200,000 in 2018 to $280,000 in 2021, indicating a 40% growth. The latest sale price of $291,000 in 2023, and the HouGarden AVM of $270,000, further highlight the investment potential of this Real Gem.

When it comes to schools, the property falls within a highly sought-after zone. The nearby Villa Maria College and St Thomas of Canterbury College are both secondary schools with high decile ratings of 9 and 8 respectively. Ashburton Christian School, Ashburton College, and several other well-rated institutions are also within easy reach. This makes the property an ideal choice for families with school-going children.

Boasting a new kitchen, electric stove, and freshly painted interiors, the unit is move-in ready. The open plan kitchen dining/living area leads to a conservatory and an easy-care garden, where no lawns need mowing. The sheltered courtyard offers a private retreat, while the carport provides covered access and protects your vehicle. Priced at $340,000, this is not just a home but a sound investment opportunity.

Updated on April 10, 2024