28 Balmoral Street, Culverden, Hurunui

Nestled in the tranquility of 28 Balmoral Street, Culverden, this charming residential dwelling on a freehold title was built in 1970. It boasts 3 bedrooms, a spacious floor area of 125 square meters, and a substantial land size of 896 square meters. The exterior walls, constructed of brick, are in good condition, as is the tiled roof. This property has seen recent upgrades, including the completion of EQC works and the replacement of the brick cladding and roof in 2021. It features a log burner with a wetback and HRV system for cozy winters, and a new kitchen extension in 2022 with ample storage and modern appliances, complemented by a private patio area. The property has a capital value of $445,000 as of July 2022, reflecting a significant increase of 43.55% from its September 2019 valuation of $310,000. The HouGarden AVM concurs with this valuation. Historically, the property sold for $71,500 in June 2001 and $60,000 in March 1994, showcasing its consistent growth. Within the Amuri Area School zone, this school for Year 7-8 students is rated at a decile of 8, indicating a high standard of education in the area.

As for the property’s financials, the capital value growth is a testament to its investment potential. The latest sale history and the rapid CV increase serve as strong indicators of the property’s desirability and future value. This, coupled with the comfort and modern conveniences offered, makes it an attractive prospect for any buyer.

Educationally, the property is well-situated within a school zone that promises quality education. The Amuri Area School, a composite school with a decile rating of 8, ensures that the area is not only serene but also academically enriching for the family.

Updated on September 03, 2024