449 Rakaia Highway, Fairton, Ashburton

Nestled in the tranquility of a quiet cul-de-sac at 449 Rakaia Highway, Fairton, Ashburton, this charming residential dwelling on a freehold title was constructed in 1920. It boasts 3 bedrooms, a single carpark, and a floor area of 111 square meters, all set on a sprawling 2,479 square meter plot. The property features wood exterior walls and an iron roof, both in average condition, and is situated on a level contour, providing a solid foundation for potential value appreciation.

As per the government's valuation, the capital value has seen a substantial increase from $240,000 in 2018 to $300,000 in 2021, reflecting a growth rate of 25%. The HouGarden AVM estimates the property's worth at $295,000, while the latest sale history shows a significant leap from $65,500 in 2004 to $420,000 in 2024, indicating a promising investment opportunity.

For families with school-aged children, the property falls within the catchment area of several reputable schools. These include Villa Maria College and St Thomas of Canterbury College, both secondary schools with high decile ratings of 9 and 8 respectively, as well as St Joseph's School and Craighead Diocesan School, known for their strong educational standards.

Updated on August 28, 2024