2/91 Brougham Street, Addington, Christchurch

Nestled in the serene Addington neighborhood of Christchurch, this 2-bedroom, 1-bathroom unit with a single carpark is a gem for any investor or first-time homeowner. Constructed in 1973 with robust concrete walls and an iron roof in good condition, this cross-lease property is a prime example of low-maintenance living. The 64 square meter floor area is complemented by a level contour, providing a spacious and practical layout. Notably, the capital value has surged by 66.67% from $210,000 in 2019 to $350,000 in 2022, showcasing a rapid appreciation. The property also boasts a HouGarden AVM of $352,500 and a latest sale price of $370,000, indicating a strong market presence.

On the valuation front, the property has seen a steady increase, reflecting its allure. The recent sale history and AVM further reinforce the investment potential. This unit, with its Daikin heat pump and new carpet, hot water cylinder, and renovated bathroom, is a 'lock and leave' option conveniently situated near Christchurch's CBD, Hagley Park, and key transport links.

For families with school-aged children, the property falls within the catchment area of several high-performing schools, including Villa Maria College (Decile 9) and Middleton Grange School (Decile 9). Other nearby schools include St Thomas of Canterbury College (Decile 8) and Hillmorton High School (Decile 4), ensuring a range of educational options for all ages.

Updated on September 18, 2024