2/79 Cambridge Street, Hampstead, Ashburton

Nestled in a peaceful cul-de-sac at 2/79 Cambridge Street, Hampstead, Ashburton, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1980 with stone walls and an iron roof, both in good condition, this level property offers a floor area of 70 square meters. It is owned under a Cross-Lease title and has seen a CV of $305,000 as of July 2021 surge to $340,000 by July 2024, marking a capital value increase of 11.48%. The property is currently tenanted, generating a rental income of $195 per week.

With a HouGarden AVM of $310,000 and the latest sale recorded on October 22, 2024, at $335,000, this property presents a sound investment opportunity. The vendor is inviting offers over $145,000 and is selling the property 'As Is', leaving potential for redevelopment, major renovation, or to be held for future re-development.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), Ashburton Christian School (Decile 6), and St Joseph's School (Decile 8), among others, ensuring access to quality education.

Updated on December 04, 2024