33 Frank Street, Papanui, Christchurch

Nestled in the desirable Paparoa Street School zone of Papanui, this 96m2, 2-bedroom, 1-bathroom dwelling with a single carpark is set on a freehold 569m2 lot. Constructed in 1927, the property features wood walls and tiled roofing, both in good condition. The capital value has seen a significant increase of 56.32% from $435,000 in 2019 to $680,000 as of 2022. The latest sale was recorded at $600,000 in March 2023. The HouGarden AVM estimates the property's value at $660,000. This residence is equipped with modern amenities including a heat pump and extensive double glazing, making it an attractive investment opportunity for both homeowners and investors.

With a prime location at 33 Frank Street, the property is within walking distance to public transport, local amenities, and Northlands Mall. It is served by a range of high-decile schools, including Christ the King School, St Patrick's School, Heaton Normal Intermediate, and Villa Maria College, among others. The potential for further development or redevelopment adds to the appeal of this property, which offers immediate comfort with the promise of future growth.

Whether you're looking for a family home in a top school zone or a sound investment with excellent capital value appreciation, this property is an educated choice.

Updated on July 19, 2024