5 Princes Street, Springfield, Selwyn

Located in a very quiet Cul-de-sac in Springfield, 5 Princes Street offers a unique opportunity with its 1012 m2 section that boasts idyllic views of the mountains. This residential vacant land is a slice of heaven for those looking to build their dream home in a serene environment. The property is freehold, ensuring full ownership rights. While the specifics regarding the building's age, roof, and wall construction remain unknown, the land's level contour provides a solid foundation for construction. The section comes with covenants, and the vendors are open to discussing these to assist with your purchase.

The property's capital value has remained steady at $185,000 as of September 2021, with no increase from its previous assessment in July 2021. However, the HouGarden AVM estimates its value at $175,000. The latest sale on January 25, 2024, saw the property fetching $240,000, indicating a significant interest in this prime location. Despite the static capital value, the recent sale price reflects the property's desirability and potential.

5 Princes Street falls within excellent school zones, including Villa Maria College and Darfield High School, both with a decile rating of 9, showcasing the quality of secondary education available. Springfield School, a contributing primary with a decile of 6, and St Thomas of Canterbury College, another secondary institution with a decile of 8, are also within reach. For those seeking composite education, Middleton Grange School and Christchurch Adventist School offer options with decile ratings of 9 and 5, respectively. This property offers not only a peaceful living environment but also access to quality education.

Updated on April 04, 2024.