4/34 Devon Street, Sydenham, Christchurch

Positioned advantageously for investors or first-time buyers, this well-kept townhouse in a quiet cul-de-sac boasts a charming fusion of aesthetics and financial promise. Constructed in 1977 with concrete walls and an iron roof, both in good condition, it features 3 bedrooms, 1 bathroom, and a single carpark on a level contour. The property holds a Cross-Lease title and has seen a significant Capital Value (CV) increase from $280,000 in 2019 to $375,000 in 2022, reflecting a growth of 33.93%. The latest sale was in 2017 for $235,000, while the current HouGarden AVM estimates it at $357,500, indicating a lucrative opportunity for potential buyers.

With a recent rental estimate of $520-$550 per week, this townhouse at 4/34 Devon Street, Sydenham, Christchurch, offers an appealing return on investment. It's located within the Cashmere High School zone, which is a decile 9 school, along with several other well-rated educational institutions. This address not only ensures convenience with easy access to local amenities but also guarantees long-term value and educational benefits.

For those seeking a solid investment or a home that's ready to move into, this townhouse is a perfect blend of comfort and potential. The upgraded kitchen and bathroom, coupled with a new roof and full repaint, make it an attractive option for those desiring modern, low-maintenance living.

Updated on October 10, 2024