165a Ashgrove Terrace, Somerfield, Christchurch

Nestled in the serene and picturesque suburb of Somerfield, 165a Ashgrove Terrace presents a charming opportunity on a cross-lease title. This well-maintained 1997-built residence boasts 3 generous double bedrooms, 2 carparks, and a spacious floor area of 170 square meters. The Roughcast exterior walls and Iron roof are in good condition, ensuring a solid structure that has withstood the test of time. The property's Capital Value has seen a substantial increase, rising from $520,000 in 2019 to the current $780,000, reflecting a growth rate of 50%. This is further supported by the HouGarden AVM of $785,000 and a history of successful sales.

On the valuation front, the property has shown a promising trend with a CV increase of 0.5% per annum. The latest sale records date back to 2008 at $375,000 and 2003 at $317,000, indicating a consistent appreciation in value. The home's location in a quiet cul-de-sac adds to its appeal, providing a peaceful environment that's perfect for a family-oriented lifestyle.

When it comes to education, the property falls within the highly esteemed Cashmere High School zone, along with several other well-performing schools such as Villa Maria College and St Thomas of Canterbury College. The schools in the area offer a range of educational options, from secondary to composite, and have decile ratings ranging from 5 to 9, ensuring access to quality education for all ages.

Updated on September 20, 2024