40 Colombo Street, Cashmere, Christchurch

Nestled in the serene Cashmere neighborhood, this charming 4-bedroom, 3-bathroom residence boasts a spacious floor area of 164 sqm, sitting pretty on a generous 789 sqm of freehold land. Constructed in 1940 with wood walls and tiled roof, both in good condition, this property offers a tranquil lifestyle in a sought-after cul-de-sac. The capital value has seen a remarkable increase of 47.69% from $650,000 in 2019 to $960,000 as of 2022. The property also features a sunroom, 2 car parks, and a well-maintained garden, ideal for family fun.

With a HouGarden AVM of $877,500 and a latest sale history of $730,000 in 2024, this property presents a sound investment opportunity. The government valuation growth and the latest sale price reflect the property's increasing desirability in the market.

For families with school-aged children, this property falls within the Thorrington School zone, a decile 10 institution, and is in close proximity to Cashmere High School, Christchurch South Karamata Intermediate, and other well-regarded schools. The educational options are vast and of high quality, making this an even more attractive proposition for families.

Updated on December 11, 2024