Nestled in the serene cul-de-sac of Point Chevalier Road, this 2-bedroom, 1-bathroom unit with a single carpark presents an inviting opportunity on a freehold cross-lease title. Constructed in 1966 with brick walls and tiled roofing, the property boasts an average condition and level contour. The capital value has seen a significant increase from $820,000 in 2017 to $1,160,000 as of June 2021, reflecting a growth of 41.46%. This well-positioned home is less than 200 meters from the picturesque Point Chevalier Beach, with convenient public transport nearby. The property is valued at $1,112,500 according to HouGarden AVM, offering potential buyers a promising investment.
With a CV increase that outpaces the market average, this property's value is on the rise. The recent sales history and AVM valuation indicate a high demand for units in this desirable location. Whether as a personal sanctuary, investment, or downsizing option, this unit provides a solid base for transformation into your ideal haven.
Education is a cornerstone of any family-oriented community, and this property is within the zones of top-rated schools: Pasadena Intermediate (Decile 8), Pt Chevalier School (Decile 10), and Western Springs College (Decile 8). The combination of location, value growth, and educational opportunities make this property an attractive prospect for families and investors alike.
Updated on October 18, 2024