3/388 Montreal Street, Christchurch Central, Christchurch

Nestled in the vibrant Victoria Street Precinct of Christchurch Central, this 2-bedroom, 1-bathroom residential unit with a single carpark presents an opportunity not to be missed. Constructed in 1996 with solid concrete walls and an iron roof, both in good condition, the property exudes a sense of security and modernity. The 90sqm floor area is complemented by a private north-facing courtyard, allowing ample sunlight to flood the living space through the French doors and wide skylights in the kitchen. As a unit title property, it offers a unique lifestyle in a gated community designed by the renowned architect, the late Peter Beaven. The property has seen a significant Capital Value increase of 42% from $500,000 in 2019 to the current $710,000, with a HouGarden AVM estimate of $705,000. The latest sale history includes transactions in 2016 and 2015, highlighting the property's consistent growth in value.

With a prime location, the property is in the zone for several high-ranking schools, including the Burnside High School (Decile 8), Heaton Normal Intermediate (Decile 9), Christchurch Boys' and Girls' High Schools (Deciles 10 and 9 respectively), and more. The school zoning is second to none, making it an ideal choice for families prioritizing education. The property's proximity to an array of boutiques, cafes, and restaurants adds to the appeal, offering a convenient and vibrant lifestyle in the heart of the city.

For those seeking a pied-à-terre in the city center, this property stands out from the rest. Its combination of a sought-after location, solid construction, and excellent school zoning makes it a cut above the rest and a definite sale opportunity.

Updated on November 27, 2024