2/40 Cambridge Street, Hampstead, Ashburton

Nestled in the heart of Ashburton, at 2/40 Cambridge Street, Hampstead, is a charming residential unit, perfect for those seeking space and affordability. This 2-bedroom, 1-bathroom home with a single carpark is set on a level contour with concrete walls and an iron roof, both in good condition, reflecting the sturdy construction of the 1970s. It's a cross-lease property, offering an open plan kitchen/dining/lounge, a sunny conservatory, a heat pump, and a cat door, along with 80m2 of floor area and immediate possession. The property's Capital Value (CV) has seen a remarkable increase of 35.9% from $195,000 in 2018 to $265,000 in 2021, with the HouGarden AVM estimating it at $260,000. The latest sales history shows a surge in value, from $290,000 in 2022 to $355,000 in 2024, indicating a promising investment opportunity.

For families with children, the property falls within a desirable school zone. It's close to high-decile schools such as Villa Maria College (decile 9) and St Thomas of Canterbury College (decile 8), as well as Ashburton Christian School (decile 6) and Ashburton College (decile 6), ensuring access to quality education. The unit complex is a quiet haven, located in a peaceful cul-de-sac, which adds to the appeal of this already attractive property.

With new carpeting throughout, a separate shower/toilet/basin, two garden sheds, and a fenced back section with a carport, this home is not just a place to live but a smart investment for the future.

Updated on August 01, 2024