7/305 Madras Street, Christchurch Central, Christchurch

Nestled in the heart of Christchurch's City Centre at 7/305 Madras Street, this charming one-bedroom townhouse on Freehold land is a gem in the Residential - Ownership home units category. Constructed in 2018 with a mix of materials for the walls and Iron for the roof, this property boasts a good wall and roof condition, set on a level contour. The 50sqm floor area is complemented by a private courtyard, and the heat pump ensures year-round comfort. Notably, the property's Capital Value has seen an impressive increase of 8.11% from $370,000 in 2019 to $400,000 as of 2022, with a HouGarden AVM of $392,500. The latest sale was recorded in 2019 for $385,000. In terms of education, the property falls within the zones of various schools, including Middleton Grange School (Decile 9) and Marian College (Decile 8), offering a high standard of education.

With a decile rating indicating a high socio-economic status, the surrounding schools are a draw for families. The property's location in the CCMU Zone, its fully furnished state (excluding linen), and its proximity to the Avon River and city amenities make it an attractive option for those seeking a vibrant city lifestyle. The occupancy rate of 90.5% as an Airbnb is a testament to its appeal.

For those who appreciate urban living at its best, this townhouse with its stylish kitchen, open-plan living, and a spacious double bedroom with ample storage, presents a rare opportunity to own a piece of Christchurch's thriving CBD.

Updated on August 12, 2024