185 Stevens Road, Coldstream, Ashburton

Located at 185 Stevens Road, Coldstream, Ashburton, this property spans an impressive 294ha, making it a significant arable, lamb finishing, and dairy support land. The property, which is irrigated and benefits from cost-effective water sources, includes a 132,000m3 storage pond complete with a boat ramp and jetty, over 1500T of grain storage, and a drying elevator with a capacity of over 10T/hr. It features two homes, numerous implement/storage sheds, and a 2-stand woolshed with sheep yards. The property is in five titles, has a floor area of 280m2, and a vast land area of 2,945,638m2. It is a freehold property with unknown details regarding wall and roof construction, condition, and building age.

The property's capital value has seen a slight decrease from $12,240,000 in July 2018 to $11,800,000 in July 2021, marking a -3.59% change. Despite this, the latest sale in December 2023 recorded a sale price of $11,500,000, closely aligning with the HouGarden AVM of $11,580,000. This property has a rich history of vegetable and specialty seed production, with no potatoes grown in the last seven years, offering potential for diverse agricultural ventures.

The property is zoned for several schools with varying deciles, including Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Geraldine High School (decile 8), Hinds School (decile 5), Ashburton Christian School (decile 6), Ashburton College (decile 6), St Joseph's School (Ashburton) (decile 8), and Craighead Diocesan School (decile 9). This wide range of educational options provides excellent opportunities for families considering this property.