3 Magnolia Lane, Saint Albans, Christchurch

Nestled in the serene Saint Albans, Christchurch, this freehold property at 3 Magnolia Lane boasts a brick exterior and an iron roof, constructed in 2004 and maintained in good condition. The residence spans over 150m2 with a floor area of 154m2, sitting on a levelled 612m2 land. It features 3 bedrooms, 2 car parks, and the comfort of a heat pump. The capital value has seen a substantial increase of 58% from $500,000 in 2019 to the current $790,000, echoing the property's allure. HouGarden AVM estimates it at $755,000, while the latest sales history shows a promising trend with sales at $295,000 and $274,000 in 2004.

With a CV growth that outpaces the market, this property is not just a dwelling but a sound investment. The location is further enhanced by its proximity to the CBD and amenities, with easy access to Merivale and Papanui. The fully fenced backyard with a sheltered BBQ area and the large internal access garaging are additional highlights that make this property stand out.

For families with school-aged children, the property falls within the zones of several well-regarded schools. Middleton Grange School, a composite institution, boasts a decile rating of 9. Other schools in the area include Emmanuel Christian School at decile 8, Christchurch Adventist School at decile 5, Mairehau High School at decile 4, Mairehau School at decile 6, Hagley Community College at decile 6, and Marian College at decile 8, offering a range of educational options.

Updated on April 10, 2024