1/96 Brynley Street, Hornby, Christchurch

Nestled in the heart of Hornby, at 1/96 Brynley Street, this charming 3-bedroom, 1-bathroom residence is a perfect blend of classic brick construction and tile roofing, built in the era of 1950. It stands on a cross-lease title with a floor area of 100sqm, accompanied by a single carpark. The property has seen updates over the years, including a spacious kitchen with ample bench space and two pantries, a lounge graced with a wood burner for cozy winters, and practicalities like a separate laundry and a recently replaced hot water cylinder. The current government capital value of $550,000 represents a 50.68% increase since 2019, reflecting its growing worth. The HouGarden AVM estimates the property at $510,000, while the latest sale was in 2000 for $105,000, showcasing the property's long-term investment potential.

With a CV increase that outpaces the market, this home is not just a dwelling but a wise investment. It's located in a quiet cul-de-sac, close to Hornby's amenities, schools, and public transport, enhancing its appeal for both first-home buyers and landlords. The property falls within the zones of esteemed schools such as Villa Maria College (decile 9), Hornby High School (decile 3), and St Thomas of Canterbury College (decile 8), among others, making it an ideal choice for families with educational priorities.

Indeed, this property offers an affordable step onto the property ladder in a proven location, with its combination of comfort, convenience, and promising investment returns.

Updated on May 06, 2024