1/426 Worcester Street, Linwood, Christchurch

Nestled in the serene Worcester Street, Linwood, Christchurch, this 1977-built, 3-bedroom, 1-bathroom residential unit with a single carpark presents an enticing opportunity. The property, featuring a concrete exterior and tiled roof, both in good condition, is set on level contour and boasts a floor area of 80 square meters. It holds a Cross-Lease title and has been a solid investment with a CV of $395,000 as of August 2022, showing a significant increase of 58% from its 2019 valuation of $250,000. The latest sale was recorded on September 16, 2024, at $400,000, closely aligning with the HouGarden AVM of $377,500.

From a valuation perspective, the property has seen a rapid capital value growth, making it an attractive prospect for investors. The well-maintained unit is north-facing, ensuring abundant natural light and a warm atmosphere, complemented by a heat pump for year-round comfort. Its location within a quiet cul-de-sac street adds to the appeal, as does the fully fenced garden and the proximity to Eastgate Mall and Linwood Pool.

For families with school-aged children, the property falls within the catchment area of several reputable schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Marian College (Decile 8), among others. This ensures access to quality education, a key highlight for many homebuyers.

Updated on October 23, 2024