38 Scarborough Terrace, Hanmer Springs, Hurunui

Nestled in the heart of Hanmer Springs at 38 Scarborough Terrace, this 1940's residential dwelling on a freehold title offers a serene escape. Constructed with wooden walls and an iron roof, the property maintains an average condition both inside and out. It spans a level contour with a floor area of 92 square meters and a generous land area of 817 square meters. The home boasts 3 bedrooms, including two doubles and a single with bunk beds, a bathroom, a carpark, and laundry facilities, all currently utilized as a holiday home and offered fully furnished.

Since 2019, the capital value has seen a remarkable increase of 55.81%, jumping from $430,000 to the current $670,000 as of July 2022. The HouGarden AVM estimates the property's worth at $650,000, while the latest sales history shows a sale in 2018 for $435,000 and another in 2013 for $330,000. This prime property is not just a sound investment but also a perfect family home.

For families with school-aged children, the property falls within the Amuri Area School zone, a composite school with a decile rating of 8. The convenient location means easy access to the village's thermal pools, shops, and restaurants, with the added bonus of Dog Stream reserve right across the road, making this a prime location with a spacious yard that's perfect for children and pets alike.

Updated on August 14, 2024