318 Cannon Hill Crescent, Mount Pleasant, Christchurch

Nestled on the esteemed lower slopes of Mount Pleasant, 318 Cannon Hill Crescent stands as a testament to architectural brilliance, boasting a 3-bedroom, 2-carpark residence with a floor area of 140sqm and a generous land area of 728sqm. Constructed in 1962 with wood walls and an iron roof, both in good condition, this freehold property exudes a charm that marries mid-century elegance with modern enhancements. The capital value has seen a remarkable increase of 92.73% from $550,000 in 2019 to the current $1,060,000, while the HouGarden AVM estimates it at $887,500. The latest sale in 2020 was for $670,000, a clear indicator of the property's escalating worth.

With a property contour that offers easy to moderate rise, the residence enjoys panoramic vistas of the estuary, city, ocean, and Alps. The government valuation growth, coupled with the prime location, makes this property an attractive investment. Notably, the home is located within a stone's throw from the highly rated Mt Pleasant School, and is zoned for other reputable institutions such as Middleton Grange School (Decile 9) and Marian College (Decile 8), among others.

Residents will benefit from the convenience of being in a quiet cul-de-sac, with the added luxury of a heat pump, extensive double glazing, log fire, and under-tile heating. The home's unique blend of classic and contemporary features, along with its proximity to the best of coastal living, including beaches, cafes, and local markets, presents an unparalleled opportunity for those seeking both architectural distinction and a well-rounded lifestyle.

Updated on September 27, 2024