36 Torlesse Road, West Melton, Selwyn

Nestled on the serene Torlesse Road, this freehold property is a charming 3-bedroom home with a floor area of 130sqm, sitting on a vast 43,097sqm land. Constructed in 1970 with a mix of materials for the walls and iron for the roof, both in good condition, this residence exudes a warm and inviting ambiance. The property, with a CV of $1,015,000 as of September 2021, has seen no increase in the past two quarters. It boasts a single carpark, a converted shed, and is set up for equine enthusiasts with stables and an arena. The latest sale was recorded at $865,000 in February 2021, following a previous sale at $740,000 in October 2013. HouGarden AVM estimates the property's value at $990,000.

From a valuation perspective, the property has maintained a stable growth. The capital value has not increased since July 2021, yet the property presents a solid investment given its potential for further development and the desirable location. The quiet and private setting, mere minutes from West Melton township, offers an easy commute to the city, airport, and the scenic Alps.

For families with school-aged children, this property falls within the zones of highly-rated schools such as Villa Maria College (Decile 9), West Melton School (Decile 10), Rolleston College (Decile 10), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and Christchurch Adventist School (Decile 5). These educational institutions ensure a high standard of learning for all ages.

Updated on August 14, 2024