5/41 Wrights Road, Addington, Christchurch

Nestled in a serene cul-de-sac at 5/41 Wrights Road, Addington, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1975 with solid brick walls and an iron roof, both in good condition, this level property offers an open plan kitchen/dining area flowing into a separate living room that opens to a private courtyard. The cross-lease title and a floor area of 70 square meters make it an ideal starter home or investment. Notably, the capital value has seen a significant increase from $220,000 in August 2019 to $345,000 in August 2022, reflecting a growth rate of 56.82%. The latest sale was recorded at $390,000 on July 29, 2024, while the HouGarden AVM estimates the property at $340,000.

For families with school-aged children, the property falls within the zone of several well-regarded schools. These include Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (Years 11-13, decile 9), Te Kura o Mokihi Spreydon School (decile 3), Hillmorton High School (Year 9-15, decile 4), Christchurch Adventist School (decile 5), and Hagley Community College (decile 6), providing a range of educational options.

With double glazing and EQC painting completed, this tidy flat is not only convenient to local amenities like Addington shops and the Horncastle centre but also represents a great opportunity for first home buyers or investors looking to step onto the property ladder.

Updated on August 28, 2024