8 Russell Avenue, Allenton, Ashburton

Nestled at 8 Russell Avenue, Allenton, Ashburton, this residential dwelling on a freehold title offers a spacious and split-level layout perfect for a growing family. Constructed in 1970 with concrete walls and an iron roof, the property maintains an average condition both inside and out. It boasts 3 bedrooms, 2 bathrooms, 2 car parks, and a floor area of 156 square meters on a levelled land of 690 square meters. The capital value has seen a rapid increase of 16.48% from $455,000 in 2021 to $530,000 as of 2024, reflecting a sound investment opportunity. The HouGarden AVM estimates the property at $510,000, while the latest sale history shows a significant jump from $355,000 in 2019 to $550,000 in 2024.

For families with school-aged children, the property falls within a highly sought-after school zone. It is in close proximity to Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), among others, ensuring access to quality education. The location, combined with the property's modernised kitchen, two living areas, and a private backyard with a sunny patio, makes it an ideal choice for those seeking comfort and convenience.

With a prime address in a quiet cul-de-sac, this property presents an opportunity not to be missed. Its excellent school network and promising capital value growth potential make it a wise investment for both families and investors alike.

Updated on October 23, 2024