Nestled in the exclusive 'Juno Apartments' at 7/32 Cranmer Square, this 2-bedroom, 1-bathroom unit boasts an impressive capital value growth of 20.48%. With a current CV of $500,000, it sits on a level contour with concrete walls and an iron roof in good condition. As a unit title property, it offers a single carpark and a floor area of 49 square meters. Built in 1998, this residential apartment is located in a prime inner-city area, north-facing and adjacent to the serene Cranmer Square.
History shows a consistent rise in value with a HouGarden AVM of $495,000 and recent sales at $510,000 in 2024 and $450,000 in 2017. The property's strategic location provides easy access to Hagley Park, a multitude of cafes, and the vibrant city center, all enhancing the property's investment potential.
For families, the property falls within the highly sought-after school zones of Burnside High School (Decile 8), Heaton Normal Intermediate (Decile 9), Christchurch Boys' and Girls' High Schools (Deciles 10 and 9 respectively), and more. This addresses both educational needs and future resale value.
Updated on November 13, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.30 km | 2 | 2 | -m2 | Year 2024 Month 11 Day 07 | - | Council approved | |
 | 0.33 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 12 | $700,000 | Council approved | |
 | 0.41 km | 3 | 2 | -m2 | Year 2024 Month 09 Day 03 | - | Council approved | |
 | 0.24 km | 2 | 1 | 87m2 | Year 2024 Month 08 Day 26 | $615,000 | Council approved | |
 | 0.26 km | 1 | 97m2 | Year 2024 Month 08 Day 21 | $770,000 | Council approved |