47 Michael Street, Rakaia, Ashburton

Nestled at 47 Michael Street, Rakaia, Ashburton, this charming residential dwelling boasts 3 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1940 with wood walls and an iron roof, the property sits on a level contour with a floor area of 98 square meters and a land area of 1012 square meters. It is a freehold property with average wall and roof conditions. The modern open plan kitchen dining lounge and 1/4 family section offer a warm and inviting atmosphere, complemented by a wooden burner for the winter and streaming sunlight. The property features a large shed, double garage, and fruit trees on the front lawn, and is equipped with an HRV System. It is ideally located near primary schools and pre-schools, with ample parking and space for hobbies.

As for financials, the property’s capital value has seen a significant increase from $245,000 in 2018 to $335,000 in 2021, a growth rate of 36.73%. The HouGarden AVM estimates the property value at $320,000, while the latest sales were recorded at $420,000 in 2022 and $280,000 in 2020. This presents a promising investment opportunity with potential for further value addition.

For families with 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 a decile rating of 9 and 8 respectively, as well as Mount Hutt College, Ashburton Christian School, Ashburton College, and Craighead Diocesan School, all offering quality education.

Updated on April 09, 2024.