1/493 Barbadoes Street, Edgeware, Christchurch

Nestled in the serene Edgeware, Christchurch, this 2-bedroom, 1-bathroom unit with a single carpark, presents an exciting opportunity on a level contour. Constructed in 1968 with concrete walls and an iron roof, both in good condition, this cross-lease property has seen a significant capital value increase of 46.55% from $290,000 in 2019 to $425,000 as of 2022. The property, located at 2/493 Barbadoes Street, offers a prime location less than 2km from the CBD, with a Hagley Park nearby. Freshly refurbished, each unit boasts a private garden, off-street parking, and a heat pump for comfort. The latest sale history shows a value appreciation from $125,000 in 2019 to the current HouGarden AVM of $427,500.

For families, the property falls within a desirable school zone, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and others, catering to various educational needs. The potential for development in the area is immense, making this property an attractive prospect for investors and homeowners alike. Whether you choose to live in one and rent out the other, or purchase both, these units could be the soundest property decision you'll ever make.

With a prime location, solid construction, and a promising CV growth, this property is where opportunity knocks. Don't miss out on answering the call.

Updated on September 17, 2024