48 Da Vinci Avenue, Leeston, Selwyn

Located at 48 Da Vinci Avenue, Leeston, Selwyn, this property stands as a vacant residential plot, embodying the essence of potential and opportunity. With a generous land area of 700 square meters, the property is characterized by its freehold ownership type, offering an unbounded canvas for future development. Despite the absence of existing structures, which leaves details such as bedrooms, bathrooms, carparks, floor area, roof and wall construction, and condition unknown, the level contour of the land promises ease in any forthcoming construction endeavors.

The financial journey of this property has been noteworthy, with a capital value recorded at $280,000 as of September 2021. A recent appraisal by HouGarden suggests a slightly lower value of $270,000, while the latest transaction, dated January 23, 2024, concluded at $242,000. This trajectory indicates a dynamic market and the potential for capital value growth, making it an intriguing prospect for investors and developers alike.

Education is a cornerstone of the Leeston community, and this property benefits from proximity to a range of reputable schools. Villa Maria College and Middleton Grange School, both with a decile rating of 9, lead the pack, followed closely by Ellesmere College, Leeston School, St Thomas of Canterbury College, and Aidanfield Christian School, each with a decile of 8. Christchurch Adventist School, with a decile of 5, rounds out the educational offerings, ensuring a variety of options for families with school-aged children.

Updated on April 06, 2024.