248 Hills Road, Mairehau, Christchurch

Nestled in the serene Hills Road of Mairehau, Christchurch, this 1940-built, freehold property boasts a capital value of $470,000 as of August 2022, showcasing a remarkable growth of 49.21% since August 2019. The 86sqm floor area is complemented by 2 bedrooms, 1 bathroom, and a single carpark, all set on a level 364sqm section. The residence features wooden walls and an iron roof in average condition, along with a brand new interior, including a remodeled kitchen and bathroom, new carpets, and complete reline, insulation, and rewiring. The open plan living area flows seamlessly to the external decking, perfect for entertaining. This property not only offers a prime location with easy access to amenities and the city center but also falls within the highly sought-after school zones, including Middleton Grange School (Decile 9) and Emmanuel Christian School (Decile 8). The HouGarden AVM estimates the property at $450,000, making it a super opportunity not to be missed at an affordable price point.

History shows a consistent rise in the property's value, reflecting its appeal and potential as an investment. The recent sale history and rapid capital value increase serve as a testament to the area's desirability and the property's charm.

For families with school-aged children, the property is in close proximity to several well-rated schools, such as Shirley School (Decile 3), Shirley Intermediate (Decile 4), Mairehau High School (Decile 4), Hagley Community College (Decile 6), and Marian College (Decile 8), ensuring access to quality education.

Updated on October 25, 2024