Nestled in the esteemed Merivale, Christchurch, this 2-bedroom townhouse at 1/67 Cox Street presents an attractive opportunity on a Cross-Lease title. Constructed in 1989 with roughcast walls and an iron roof, it offers a floor area of 130sqm and a single carpark. The property, with average wall and roof conditions, is situated on a level contour, ensuring ease of living. Notably, the Capital Value (CV) has seen a significant increase from $630,000 in 2019 to $940,000 in 2022, reflecting a growth of 49.21%. The HouGarden AVM estimates the property's value at $902,500, making it an intriguing prospect for investors and homeowners alike.
With a prime location, the property falls within the catchment of several high-performing schools, including Burnside High School (Decile 8), Christ the King School (Decile 8), St Patrick's School (Decile 10), Heaton Normal Intermediate (Decile 9), and Villa Maria College (Decile 9), among others. This addresses the importance of quality education for families with children.
Set in a quiet cul-de-sac, the residence is conveniently located opposite Merivale Mall, offering a vibrant mix of cafes, restaurants, and shopping boutiques. The property's classic appointments, timber-beamed ceilings, and potential for modern enhancements make it a perfect blend of tradition and modernity. The sun-kissed courtyard and established gardens further enhance the appeal, providing a serene escape. This home, with its rich potential and prime location, is a golden opportunity for those seeking to transform it into their ideal living space.
Updated on October 10, 2024