1/79 Hills Road, Edgeware, Christchurch

Nestled in a serene cul-de-sac at 1/79 Hills Road, Edgeware, Christchurch, this residential ownership home unit boasts a comfortable floor area of 60 square meters. Constructed in 1960 with concrete walls and an iron roof, both in good condition, the property is a cross-lease on level contour. It features one bedroom, one bathroom, a single carpark, and the added bonus of a sunroom - perfect for a home office or a cozy lounge. The capital value has seen a significant increase from $160,000 in 2019 to $260,000 as of 2022, reflecting a growth of 62.5%. Currently rented at $330 per week, this property is ideal for first-time buyers, offering affordability and location.

With a HouGarden AVM of $240,000 and a latest sale record of $182,500 in 2020, this property presents a sound investment opportunity. The government valuation history and the recent sale records highlight the property's increasing desirability in the market.

For families with children, the property falls within the catchment area of several reputable schools, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and others. These schools cater to various age groups and educational needs, making this property an attractive prospect for those seeking quality education for their children.

Updated on December 13, 2024