1001 Tramway Road, Mount Somers, Ashburton

Nestled on Old Gig Road, Mount Somers, Ashburton, this lifestyle property is set on a vast 84,953 square meters of level land with freehold title. While the specifics of the wall and roof construction remain unknown, the property's potential is undeniable. It boasts an impressive capital value of $467,000 as of July 1, 2021, indicating a promising investment opportunity.

With a history of escalating property values, the latest sale price of $605,000 on February 21, 2024, reflects a significant increase from the previous sale of $465,000 on November 5, 2021. The HouGarden AVM estimates the property's value at $442,500, underlining the consistent capital value growth in this desirable location.

For families with educational considerations, this property falls within the zones of several high-performing schools. These include Villa Maria College and St Thomas of Canterbury College, both secondary schools with a decile rating of 9 and 8 respectively, and Mt Somers Springburn School, a full primary school with a decile rating of 9. Additionally, Mount Hutt College and Craighead Diocesan School are also within the secondary school zone, both boasting a decile rating of 9, while Ashburton Christian School provides a composite education with a decile rating of 6.

Updated on April 10, 2024