4/365 Madras Street, Christchurch Central, Christchurch

Nestled on the tranquil cul-de-sac of Madras Street in Christchurch Central, this recently built, freehold townhouse boasts a capital value of $620,000, reflecting a growth of 21.57% since 2019. Spacious at 88 square meters floor area and set on a level 68 square meter section, it features mixed material walls, an iron roof, and is in a good condition both inside and out. The modern interior comprises 2 bedrooms, 1 bathroom, and is move-in ready with quality furniture included, making it an ideal lock-and-leave city pad or Airbnb opportunity.

With a HouGarden AVM of $577,500 and a recent sale history of $575,000 in 2024 and $452,173 in 2021, this property presents a solid investment. The CV increase is a testament to the area's desirability, and the convenient location within walking distance to the CBD and public transport, as well as proximity to amenities and the hospital, adds to the appeal.

For families, the property falls within the catchment of several well-regarded schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Marian College (Decile 8), ensuring top-notch education for children of all ages.

Updated on May 22, 2024