1/278 Memorial Avenue, Burnside, Christchurch

Nestled in the serene Memorial Avenue of Burnside, Christchurch, this 1983-built residence boasts a brick exterior and a tiled roof, exuding elegance and durability. The 4-bedroom, 2-carpark home sits on a level contour, providing a spacious and comfortable living environment with a floor area of 180 square meters, under the Cross-Lease ownership type. The property has seen a significant Capital Value (CV) increase from $630,000 in 2019 to $870,000 as of 2022, reflecting a growth rate of 38.1%. The home is well-maintained with good wall and roof conditions, and it's perfect for those seeking both capital gain and rental income, with a rental appraisal of $680 to $720 per week.

With a HouGarden AVM of $847,500 and recent sale history showing an increase from $602,500 in 2017 to $750,000 in 2021, this property presents a sound investment opportunity. It is zoned for top-performing schools such as Te Ara Maurea Roydvale School (Decile 10) and Burnside High School (Decile 8), among others, making it an ideal choice for families with educational priorities.

Why 278A Memorial Ave? It's not just a house; it's a lifestyle. Located in the desirable suburb of Burnside, this property offers a friendly community atmosphere, convenient access to the airport and Central Christchurch, and is part of a sought-after school zone. Here, you'll find a warm and charming home that has been loved by its current owners and is now ready to welcome a new family or investor to continue its legacy.

Updated on July 24, 2024