Nestled on a serene 2-hectare section in the heart of West Melton, this freehold property boasts a 210sqm floor area with 4 bedrooms and a carpark. Constructed in 1970 with concrete walls and an iron roof, both in good condition, this home presents a prime opportunity for those seeking a lifestyle with potential. The property's Capital Value (CV) has remained stable at $990,000 since July 2021, with a HouGarden AVM estimate of $912,500. Notably, the property saw a significant increase from its last sale in 1994, reflecting a growth from $333,000 to the current CV. This tranquil cul-de-sac is in a top school zone, with the nearby Villa Maria College and West Melton School both boasting high decile ratings of 9 and 10 respectively, making it an ideal location for families.
With a property contour that's level and a location adjacent to the developing West Melton residential area, this property offers both privacy and convenience. The classic Summerhill Stone home has been partially renovated, featuring a modern kitchen while retaining its original charm. Large north-facing living areas ensure all-day sun, and the spacious layout provides ample room for the whole family. The property's latest sale history and consistent CV reflect its investment potential, with a 0% CV increase indicating a stable market value.
For families with educational considerations, this property falls within the catchment area of several high-performing schools, including Rolleston College and St Thomas of Canterbury College, both with decile ratings of 10 and 8 respectively. Middleton Grange School and Christchurch Adventist School also offer composite education options, further enhancing the appeal of this property's location. Land, opportunity, and an excellent school network await the discerning buyer.
Updated on December 05, 2024