27 Brucefield Avenue, Netherby, Ashburton

Nestled in the serene cul-de-sac of Brucefield Avenue, this vacant residential property on 658 square meters of level land offers a promising investment. It boasts a freehold title, providing the new owner with full control and two car parks. While the specifics of the exterior walls and roof construction remain unknown, the property's potential is undeniable.

With a current Capital Value (CV) of $149,000 as of 2024, there has been a slight decrease of 5.7% from the previous CV of $158,000 in 2021. However, the HouGarden AVM estimates the property's value at $155,000, and with a history of sales - the latest being $146,500 in 2024 and $95,000 in 2010 - the growth trajectory is encouraging.

For families with school-aged children, the property falls within a desirable school zone. It is close to high-decile institutions such as Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), as well as Ashburton Christian School (Decile 6) and St Joseph's School (Decile 8), ensuring a quality education for all ages.

Updated on September 18, 2024