33 Mary Street, Papanui, Christchurch

Nestled in the serene Mary Street of Papanui, Christchurch, stands this charming freehold townhouse, built in 2004 with solid brick walls and an iron roof, both in good condition. This 3-bedroom, 1-carpark home spans a floor area of approximately 141m2, set on a levelled land area of 191m2. The property, with its current Capital Value (CV) of $690,000, has seen a remarkable increase of 35.29% since 2019, reflecting its growing investment potential.

History shows a consistent rise in value, with the HouGarden AVM estimating the property at $640,000, and recent sales in 2024 and 2019 at $456,000 and $480,000 respectively. This trend underlines the property's allure for investors and owner-occupiers alike.

For families with educational considerations, the property falls within the highly sought-after zones of Paparoa Street School, Heaton Normal Intermediate, and Papanui High School, among others, all boasting impressive decile ratings. This combination of location, quality, and growth potential makes it an unmissable opportunity.

Updated on June 26, 2024