52 Lane Street, Allenton, Ashburton

Nestled on Lane Street in the serene Allenton, Ashburton, is this magnificent freehold property, a perfect family haven. Constructed in 1980 with fibrous cement walls and tiled roof, this 4-bedroom (potential 5) home boasts a floor area of 208sqm on a sprawling 1047sqm section. The property is complete with a carpark, a well-maintained exterior, and a capital value that has seen a 25.3% increase from $395,000 in 2018 to $495,000 in 2021. The HouGarden AVM estimates it at $460,000, while the latest sale history shows a progression from $180,000 in 2003 to $250,000 in 2004.

For investors, the property presents a big rental opportunity with its extensive living spaces, updated kitchen, and a Masport wood fire at the heart of the home. The outdoor area is an oasis with mature trees, a vegetable garden, and various sheds for storage. The property falls within the catchment of several reputable schools, including Villa Maria College (decile 9) and St Thomas of Canterbury College (decile 8), making it an ideal choice for families.

With a prime location in a sought-after school zone, this property not only offers comfort and convenience but also holds strong potential for capital growth.

Updated on May 28, 2024