3/40 Leinster Road, Merivale, Christchurch

Nestled in a prime location, this 2-bedroom, 1-bathroom unit at 3/40 Leinster Road, Merivale, Christchurch, is a gem on offer. Constructed in 1973 with concrete walls in good condition and tiled roofing in fair condition, this residential unit sits on level contour with a carport and off-street parking. The open-plan living area is adorned with modern, neutral tones, a heat pump, and access to a fenced courtyard. The kitchen is equipped with necessary amenities, and the bathroom includes laundry facilities. As a Cross-Lease property, it has seen a 73.77% increase in Capital Value from $305,000 in August 2019 to $530,000 in August 2022. The HouGarden AVM estimates it at $510,000, with the latest sale recorded at $449,000 in August 2024, up from $300,000 in December 2019.

With a highly sought-after school zone, the property falls within the decile 10 Elmwood Normal School, decile 9 Heaton Normal Intermediate, and is in close proximity to several prestigious secondary schools such as Christchurch Girls' High School and Christchurch Boys' High School. This address is a winner for families seeking top education facilities.

Merivale Village and Elmwood Park are mere steps away, offering a vibrant lifestyle in a tranquil setting. This unit is seriously worth considering, especially for those who value a combination of quality education, convenient living, and potential investment growth.

Updated on October 09, 2024