Nestled in the heart of Christchurch Central at 233a Bealey Avenue, this 2-bedroom, 1-bathroom townhouse with a single carpark is a gem of convenience. Constructed by Miles Construction and completed in 2024, the property boasts a freehold title, a level contour, and a mix of materials for the external walls, complemented by a robust iron roof in good condition. The 70 square meter floor area is designed for easy living, with an open plan kitchen, dining, and living space downstairs, alongside a hidden laundry and additional toilet. Upstairs, two generous double bedrooms and the main bathroom provide comfortable living space. The property's CV stands at $610,000 as of August 2022, reflecting a steady growth trajectory. The north/west aspect ensures a sunny aspect with seamless indoor/outdoor flow to a private, fenced courtyard, perfect for a lock up and leave lifestyle or potential investment with a rental appraisal of $520-$540. Notably, the property falls within an esteemed school zone and is a short distance from the city center, Victoria St Merivale, Hagley Park, and the Christchurch Hospital.
From a valuation perspective, the property has shown a consistent rise in its capital value, with a promising HouGarden AVM reflecting its worth. The recent sales history in the area indicates a healthy real estate market, further solidifying the investment potential of this property. With a capital value increase percentage that outpaces the average, this townhouse is not just a home but a sound financial decision.
For families with children, the school network is a significant draw. The property is within a highly rated decile and is zoned for some of the best schools in the region, ensuring a quality education for the young ones.
Updated on July 05, 2024
