5/364 Worcester Street, Linwood, Christchurch

Welcome to 5/364 Worcester Street, Linwood, Christchurch, a residence that epitomizes comfort and convenience in the city's heart. This single-level home, constructed in 1972 with concrete walls and tile roofing, spans 70 square meters in floor area, offering two double bedrooms, one generous bathroom, and a single garage for extra storage, alongside an off-street carpark. The property, part of a residential ownership home units category, is a Cross-Lease title with a level property contour, and both the wall and roof conditions are rated as average.

Since its last sale in April 2010 for $170,000, the property has seen a significant increase in its capital value, reaching $375,000 by August 2022, marking a 70.45% growth. The latest sale in January 2024 was at $350,000, slightly below the HouGarden AVM of $357,500. This growth trajectory, alongside a rental appraisal of up to $465.00 per week, highlights the property's investment potential and appeal to first-home buyers, downsizers, and investors alike.

Located within a desirable school zone, the property offers access to a range of educational institutions including Middleton Grange School (decile 9), Hillview Christian School (decile 7), and Marian College (decile 8), among others. This makes it an ideal choice for families prioritizing education. Furthermore, its proximity to local amenities and the central city enhances its appeal for convenient living.

Updated on April 06, 2024.