Nestled in the serene South New Brighton, 11 Cradock Street presents a charming 1920's 3-bedroom villa on a cross-lease title. Constructed with wood walls and an iron roof, this property offers a glimpse of the past with its well-maintained original features. The capital value has seen a significant increase, rising from $235,000 in 2019 to $390,000 in 2022, showcasing a growth of 65.96%. The home is graced with a fair condition exterior and roof, a floor area of 72 square meters, and is situated on a level contour.
With a HouGarden AVM of $382,500 and a history of sales at $87,500 in 2001 and $85,000 in 1999, this property holds both investment value and potential. The government's valuation reflects the ongoing demand for such character-filled homes in this desirable location.
For families, the school network is a highlight. The Middleton Grange School, ranking a decile 9, is among the several reputable institutions in the area. Others include Hillview Christian School (decile 7), Shirley Boys' High School (decile 6), Avonside Girls' High School (decile 6), and more, making this a prime location for educational opportunities.
Updated on August 16, 2024