Positioned in the serene cul-de-sac of 72 Blakeborough Drive, Forrest Hill, this freehold property is a charming Residential Dwelling, built in 1965 with wood walls and tiled roof, both in average condition. It boasts 4 bedrooms, a floor area of 140sqm, and a land area of 675sqm with a single carpark. The capital value has seen a growth of 46.79% from $1,090,000 in June 2017 to $1,600,000 as of June 2021. The HouGarden AVM estimates the property at $1,490,000, while the latest sale was in 2012 for $510,000.
With a CV increase that outpaces the market, this property presents a solid investment. Its location within the catchment area of top-rated schools such as Sunnynook School (Decile 8), Wairau Intermediate School (Decile 7), Westlake Boys' and Girls' High Schools (both Decile 9), and Campbells Bay School (Decile 10), makes it an ideal choice for families seeking quality education.
Not only is this property a smart buy, but it also offers the potential for further development on its sizeable section. Whether you're looking for a family home or an investment with excellent rental potential, this property in a sought-after neighborhood is a winner.
Updated on June 14, 2024