Nestled in the heart of Christchurch Central at 5/15 Peterborough Street, this residential apartment offers a blend of comfort and convenience with its 2 bedrooms, 1 bathroom, and a single carpark. Spanning a floor area of 63 square meters, the property is characterized by its concrete walls and mixed materials roof, both in good condition, reflecting its 1997 construction. The unit, boasting a level property contour, operates under a Unit Title ownership, catering specifically to those seeking a compact and manageable living space.
Financially, the property has shown promising growth, with its capital value appreciating from $480,000 in August 2019 to $530,000 in August 2022, marking a 10.42% increase. This upward trend is further evidenced by its latest sale price of $540,000 in February 2024, up from $480,000 in February 2021. The HouGarden AVM currently estimates the property's value at $510,000, indicating a stable investment opportunity.
Education is a cornerstone of this property's appeal, situated within zones for high-decile schools including Burnside High School (Decile 8), Heaton Normal Intermediate (Decile 9), Christchurch Boys' High School (Decile 10), and several others, ensuring a range of quality educational options for families. The proximity to these esteemed institutions underscores the property's value for those prioritizing academic excellence.
Updated on April 04, 2024.
