446 Worcester Street, Linwood, Christchurch

Nestled at 446 Worcester Street in the serene Linwood, Christchurch, this freehold property boasts a charming residential dwelling constructed in 1920 with wood walls and an iron roof, both in average condition. It features 3 bedrooms, 1 bathroom, a single car park, and a floor area of 117 square meters on a levelled land of 506 square meters. The property has seen a significant Capital Value (CV) increase of 50% from $400,000 in 2019 to the current $600,000 as of 2022, reflecting a promising investment potential. The HouGarden AVM estimates the property's worth at $602,500, while the latest sale records from 2024 and 2016 indicate a market trend of growth with sold prices of $545,000 and $395,000 respectively.

For families with school-aged children, the property falls within a highly regarded school zone. Notable institutions include Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Marian College (Decile 8), among others, ensuring access to quality education. The residence, currently on a short-term tenancy of 3 months, offers the comfort of a heat pump, a spacious lounge, off-street parking, and additional amenities like a garage and studio, making it an ideal choice for comfort and convenience.

With its prime location, historical value appreciation, and access to top educational facilities, this property presents a compelling opportunity for both investors and families.

Updated on September 25, 2024