1/87 Frankleigh Street, Somerfield, Christchurch

Nestled in the vibrant neighbourhood of Spreydon, 1/87 Frankleigh Street is a testament to comfortable living and convenience. This residential unit, built in 1987, features two spacious bedrooms, a delightful open plan layout, and a conservatory overlooking a serene garden area. Constructed with brick walls and tile roofing, both in good condition, this property spans a floor area of 144 square meters on a level contour. Ownership is through a Cross-Lease title, emphasizing a shared commitment to the property's upkeep and value.

Over the years, the capital value of this property has seen a significant increase, from $370,000 in August 2018 to $480,000 in August 2022, marking a growth of approximately 29.73%. The latest sale, recorded on January 30, 2024, was at $547,000, showcasing the property's increasing appeal in the market. The HouGarden AVM estimates the property's value at $460,000, reflecting its desirability and potential for further appreciation.

The property is zoned for several high-decile schools, including Villa Maria College, St Thomas of Canterbury College, and Cashmere High School, all with a decile rating of 9 or above. This ensures access to quality education, making it an ideal choice for families. Additionally, its proximity to Barrington Mall offers convenient access to a wide range of amenities, from shops and cafes to restaurants and entertainment options.

Updated on April 04, 2024.