8 Eaglesfield Close, Westmorland, Christchurch

Located in the serene Westmorland area, 8 Eaglesfield Close is a vacant residential property that boasts a generous land area of 570 square meters. This freehold property, while currently not featuring any buildings, presents a unique opportunity for prospective buyers to design and build their dream home. The property's contour is described as having a steep fall, which could offer interesting architectural and landscaping possibilities. Despite the lack of detailed information on existing structures, such as bedrooms, bathrooms, and car parks, the potential for this plot is immense, given its size and ownership type.

Over the past few years, the capital value of this property has seen a significant increase, jumping from $260,000 in August 2019 to $450,000 in August 2022, marking a 73.08% growth. This rapid appreciation highlights the property's investment potential. The latest sale data further supports this, with the property being sold for $435,000 in March 2024, following a previous sale at $405,000 in August 2021. The HouGarden AVM estimates the property's value at $442,500, indicating a stable market value close to the recent sale price.

The property is situated within an excellent school zone, offering access to a range of high-decile educational institutions. These include Our Lady of the Assumption School (Chch) and Thorrington School, both with a perfect decile rating of 10, and several other schools such as Villa Maria College, Middleton Grange School (Years 11 - 13), and Cashmere High School, all with a decile rating of 9. This makes 8 Eaglesfield Close an ideal location for families prioritizing education.

Updated on March 27, 2024.