37 Arrowsmith Drive, Methven, Ashburton

Nestled in the serene locale of 37 Arrowsmith Drive, Methven, Ashburton, this residential vacant land boasts a generous 817m2 area under the freehold title. With the promise of breathtaking mountain views, the section is primed for your new dream home. The site is equipped with essential services such as power, water, and sewage connections, set to be titled early 2024. The property’s potential is further enhanced by its level contour, though the specifics of the wall and roof construction remain unknown. As of July 2021, the capital value stands at $205,000, with a HouGarden AVM estimate of $200,000, hinting at a promising investment opportunity.

Historically, the property has seen a steady growth in its capital value, with a notable increase that reflects a positive trend in the local real estate market. The absence of development contributions paid by the developer may also present a saving grace for the prospective buyer.

For families with children, the property falls within a highly regarded school zone, ensuring access to quality education. The nearby schools are known for their high decile ratings, making this an even more attractive proposition for those seeking an idyllic family lifestyle in a quiet cul-de-sac.

Updated on August 09, 2024