88 Melcombe Street, Tinwald, Ashburton

Welcome to 88 Melcombe Street, a charming freehold property nestled in the tranquility of Tinwald's quiet cul-de-sac. Constructed in 1955 with robust brick walls and an iron roof, this residence boasts 3 spacious bedrooms, a large bathroom, and an open-plan living area complemented by a functional kitchen. The property is heated by a heat pump and a cozy log burner, ensuring comfort throughout the year. The HRV system guarantees fresh air in all bedrooms, while the expansive deck overlooks a serene garden, ideal for entertainment and relaxation. With a floor area of 125 square meters and a land area of 1012 square meters, this home offers ample storage with 3 sheds and a double garage.

As for investment potential, the capital value has seen a significant increase of 36.84% from $285,000 in 2018 to $390,000 in 2021. The HouGarden AVM estimates the property's value at $362,500, while the latest sale history shows a transaction at $347,000 in 2019 and $245,000 in 2010, indicating a consistent growth trend.

For families with children, the property falls within the catchment area of several esteemed schools, including Villa Maria College and St Thomas of Canterbury College, both with a decile rating of 9 and 8 respectively. Other schools in the zone include Ashburton Christian School, Ashburton College, and more, offering a range of educational options for all ages.

Updated on May 10, 2024