72c Orbell Street, Sydenham, Christchurch

Nestled in the vibrant heart of Sydenham, close to Christchurch's City Centre, this unit-titled property at 3/72 Orbell Street boasts a practical layout and convenient access via Orbell Street and Durham Street South. Constructed in 1983 with concrete walls and an iron roof, both in average condition, the property includes a north-facing warehouse, roller door, and 2 car parks. The capital value has seen a rapid increase of 30.5%, jumping from $295,000 in August 2019 to $385,000 in August 2022. The latest sale was recorded at $385,000 in March 2024, closely aligning with the HouGarden AVM estimate of $367,500.

With a floor area of approximately 170sqm, this industrial-service property is a gem for investors. The property falls within a desirable school zone, including Middleton Grange School (decile 9), Hillmorton High School (decile 4), and Christchurch South Karamata Intermediate (decile 8), among others, ensuring a quality education for the family.

Whether it's the promising capital value growth, the convenience of the location, or the reputable school network, this property is a secure investment opportunity in the heart of Sydenham.

Updated on April 17, 2024