101 Rolleston Street, Rakaia, Ashburton

Nestled in the quaint and well-serviced rural town of Rakaia, Ashburton, the property at 101 Rolleston Street is a charming original home sitting on a generous 1012m² section. This classic residence, built in 1936, features three bedrooms, a sunroom, and one carpark, with a floor area of 127m². The exterior showcases red bricks and weatherboard under an iron roof, reflecting the architectural style of its era. Despite its age, the property's wall condition is rated as average, and the roof condition as fair, indicating a level of enduring quality. The property is a freehold, offering complete ownership rights to the buyer.

The capital value of this property has seen a significant increase, from $250,000 on July 1, 2018, to $340,000 on July 1, 2021, marking a 36% growth. The latest sale was recorded on February 15, 2024, for $215,000, a stark contrast to its first sale price of $59,500 on February 14, 1990. The HouGarden AVM estimates the property's value at $335,000, highlighting its potential for further appreciation.

Located in a prime school zone, the property offers access to several prestigious schools, including Villa Maria College, St Thomas of Canterbury College, Mount Hutt College, Ashburton Christian School, Ashburton College, and Craighead Diocesan School, with decile ratings ranging from 6 to 9. This makes it an ideal choice for families seeking quality education for their children. The blend of historical charm, potential for modernization, and a prime location in a supportive community makes this property a unique and valuable find.