1/2 James Condon Place, Redwood, Christchurch

Nestled in a serene cul-de-sac at 1/2 James Condon Place, Redwood, Christchurch, this 1976-built residential unit boasts 3 bedrooms, 1 bathroom, and a single carpark. The home, with a floor area of 95 square meters, features concrete walls in good condition and an iron roof, also well-maintained. It sits on a level contour and is under a Cross-Lease ownership. The property's Capital Value (CV) has seen a remarkable increase from $320,000 in August 2019 to $475,000 in August 2022, reflecting a growth rate of 48.4375%.

With a HouGarden AVM of $455,000, the latest sale history includes a transaction at $350,500 in September 2020 and another at $322,500 in April 2015. These figures indicate a steady rise in value, making it an attractive investment opportunity.

For families with school-aged children, the property falls within the zones of several high-performing schools, including Christ the King School (Decile 8), Villa Maria College (Decile 9), and Middleton Grange School (Decile 9). This, combined with its convenient location near parks, shopping, and dining, makes it an ideal choice for both first-time homeowners and investors.

Updated on May 02, 2024