30 Hamilton Avenue, Ilam, Christchurch

Located at 30 Hamilton Avenue, Ilam, Christchurch, this residential dwelling boasts a freehold ownership type, with a floor area of 190sqm and a generous land area of 855sqm. Constructed around 1940, the property features mixed materials for walls and tiles for the roof, both in average condition. It comprises 3 bedrooms, 2 bathrooms, and a double garage with internal access and a built-in wine cellar. The level contour of the property enhances its appeal, offering a stable and immediately habitable space, with potential for a contemporary facelift or a complete rebuild to realize a dream home. The inclusion of a versatile studio and swimming pool adds to its desirability, set in a quiet cul-de-sac street.

The property has seen a significant increase in capital value, from $980,000 in August 2019 to $1,250,000 in August 2022, marking a 27.55% growth. The latest HouGarden AVM estimates its value at $1,230,000. Recent sales history includes transactions at $1,160,000 in November 2023 and $1,027,000 in March 2021, indicating a steady appreciation in value. This trend underscores the property's investment potential in a sought-after location.

Positioned in a prime school zone, the property benefits from proximity to several top-tier educational institutions. It is zoned for Fendalton School, Cobham Intermediate, and Burnside High School, all with a decile rating of 8. Additionally, it falls within the zones for Christchurch Boys' and Girls' High Schools, both highly regarded with decile ratings of 10 and 9, respectively. This strategic location, combined with the property's features and potential for enhancement, presents a unique opportunity for forward-thinking buyers looking to invest in a quality education area.