1/2 Mchaffies Place, Wainoni, Christchurch

This delightful property at 1/2 Mchaffies Place, Wainoni, Christchurch, is a 2-bedroom, 1-bathroom unit with a single carpark, set on a level contour. Constructed in 1980 with brick walls and tiled roofing, it offers a comfortable floor area of 100sqm under a Cross-Lease ownership. The capital value has seen a significant increase of 35.59% from $295,000 in 2019 to $400,000 as of August 2022. The latest sale was in 2006 for $208,000, showcasing a promising investment growth. The property is valued at $402,500 according to HouGarden AVM, indicating a potential plus for buyers. For comfort all year round, a heat pump is installed, and the low-maintenance garden provides a secure space for children and pets.

As for the government's valuation, the property has demonstrated a strong growth trajectory. The recent increase in capital value is a testament to the area's desirability and investment potential. The property's latest sale history and current valuation present a compelling case for its market worth.

Educationally, the property falls within a highly sought-after school zone. Middleton Grange School (Decile 9) and Marian College (Decile 8) are among the notable institutions in the area. The schools offer a composite or secondary education, catering to various age groups. This makes the property an ideal choice for families with school-going children.

Updated on September 23, 2024