89 Peer Street, Ilam, Christchurch

Nestled in the heart of Ilam, at 89 Peer Street, this residential dwelling is a prime example of comfortable living. The 4-bedroom, 2-bathroom home, built in 1993 with Iron roofing and Brick walls, stands on a level contour with a floor area of 190 square meters. It boasts a cross-lease ownership type and comes with 2 car parks. The property has seen a CV increase of 35.94% from $640,000 in 2019 to $870,000 as of August 2022, reflecting its rising value. The HouGarden AVM estimates the property at $862,500, while the latest sales were recorded at $645,000 in 2015 and $672,000 earlier that year.

Not only is the property a gem in terms of investment, with rental potential assessed between $850 to $900 per week, but it also enjoys a prime location, being within walking distance to Canterbury University, Bush Inn Centre, and the esteemed Villa Maria School. The separate lounge leads to a conservatory, perfect for leisurely reading, while the low-maintenance garden adds to the appeal for families and investors alike.

When it comes to education, the property falls within the zones of several high-performing schools, including Avonhead School (Decile 7), Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Riccarton High School (Decile 6), Middleton Grange School (Decile 9), Christchurch Adventist School (Decile 5), and Hagley Community College (Decile 6), making it an ideal choice for families with school-aged children.

Updated on November 07, 2024