45 Lionel Street, Avonside, Christchurch

Located at 45 Lionel Street, Avonside, Christchurch, this residential dwelling boasts 2 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 75m2 on a generous 635m2 freehold section. Constructed in 1920 with wood walls and an iron roof, the property presents a mix of conditions in both wall and roof, set on a level contour. This property, once a cherished first home, is now offered 'as is, where is' following a cash settlement with insurers, presenting a unique opportunity for first home buyers or investors to add their personal touch to a property with partial new wiring, carpet, heat pump, and new underground services amidst an ongoing refurbishment.

From a financial perspective, the property has seen a significant capital value increase from $190,000 in August 2019 to $325,000 in August 2022, marking a 71.05% growth. The latest sale on February 14, 2024, was at $378,000, surpassing the HouGarden AVM of $335,000. The land alone is valued at $115,000, highlighting the property's investment potential.

Education is well catered for, with nearby schools including Middleton Grange School (Composite, Decile 9), Hillview Christian School (Composite, Decile 7), Linwood North School (Contributing, Decile 2), Christchurch Adventist School (Composite, Decile 5), Hagley Community College (Secondary, Decile 6), Marian College (Secondary, Decile 8), and Te Aratai College (Secondary, Decile 3). This diverse range of educational institutions ensures a variety of options for families.

Updated on April 05, 2024.