40 Aylmer Street, Somerfield, Christchurch

Nestled at 40 Aylmer Street in the serene Somerfield, Christchurch, this residential property boasts a purpose-built rental flat design on a freehold title. Constructed in 1970 with concrete walls and an iron roof, both in good condition, the property is a perfect blend of classic charm and modern convenience. It features 4 bedrooms, 2 carparks, and a spacious floor area of 160 square meters on a levelled land of 635 square meters. The capital value has seen a remarkable increase of 32.76% from $580,000 in 2019 to the current $770,000. The HouGarden AVM estimates it at $740,000, making it an attractive investment opportunity.

With a rich sales history and a recent auction teaser, this property presents a chance for investors and first-time buyers to generate additional income. It includes two separate units under one roof, each with 2 bedrooms, a bathroom, and living spaces, potentially offering two income streams. The property’s strategic location within the vicinity of top-rated schools such as Villa Maria College (Decile 9) and Cashmere High School (Decile 9) adds to its appeal.

Educationally endowed, the property falls under the zones of Somerfield Primary School, Christchurch South Intermediate School, and Cashmere High School, ensuring a quality education for residents. This combination of prime location, solid construction, and potential for added value makes it a golden opportunity for those looking to climb the property and investment ladder.

Updated on April 24, 2024