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5/27 Packe Street, Edgeware, Christchurch, 2 Bedrooms, 1 Bathrooms, Townhouse

Sold: $440,000

Sold on 2024 Year 2024 Month 04 Day 12

5/27 Packe Street, Edgeware, Christchurch

2
1
70m2

Nestled in the serene Edgeware, Christchurch, this charming 2-bedroom, 1-bathroom townhouse with a single car park is a perfect blend of modern comfort and convenient living. Constructed in 1980 with a robust fibrous cement exterior and a reliable iron roof, this cross-lease property stands on a level contour, maintaining a good wall and roof condition. The floor area spans a cozy 70 square meters, ideal for a contemporary family. The property has seen a remarkable Capital Value (CV) increase of 46.77%, jumping from $310,000 in 2019 to $455,000 as of August 2022. HouGarden AVM estimates the property's value at $437,500, while the latest sales in 2023 and 2024 reflect a strong market interest, with prices of $290,000 and $440,000 respectively.

For families with school-aged children, the property falls within a desirable school zone. Notable institutions include Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Marian College (Decile 8), among others, catering to various educational needs and levels. This townhouse not only promises convenience with its proximity to Edgeware Village, Merivale Mall, and the CBD but also offers an easy-care lifestyle with a separate laundry and ample storage in the single car garage.

Don't let this opportunity slip by; embrace the benefits of this property's prime location and increasing value.

Updated on May 01, 2024

Council Data

Last update : 2024 06 26
Improvement value$215,000Increased by 16% from year 2019
Land value$240,000Increased by 90% from year 2019
CV(Year 2022 Month 08)$455,000Increased by 46% from year 2019
View typeNo appreciable view
ContourLevel
Floor area70m²
Decade of construction1980
TitleCB41B/89
Type of titleCross-Lease
Legal descriptionFLAT 1 DP 55711 ON LOT 2 DP 49633 HAVING SHARE IN 821 M2
CouncilChristchurch
Estate descriptionFSIM,1/5,LOT 2 DEPOSITED PLAN 49633,821m2
ConstructionExternal Walls: Fibrous Cement Roof: Iron
ConditionExternal Walls: Good Roof: Good
ZoningResidential Medium Density

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Christchurch East School
1.18 km
Primary
1-8
Government
Co-Educational
EQI: 467
3
Pareawa Banks Avenue School
1.45 km
Primary
1-6
Government
Co-Educational
EQI: 463
4
Te Oraka
1.86 km
Secondary
7-8
Government
Co-Educational
EQI: 514
4
Marian College
2.19 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 434
8
Te Puna Wai o Waipapa - Hagley College
2.63 km
Secondary
9-15
Government
Co-Educational
EQI: 472
6
Mairehau High School
2.84 km
Secondary
9-15
Government
Co-Educational
EQI: 519
4
Christchurch Adventist School
3.50 km
Combined
1-13
Government
Co-Educational
EQI: 438
5
Middleton Grange School
5.78 km
Combined
1-13
Government
Co-Educational
EQI: 406
9
Emmanuel Christian School
6.41 km
Combined
1-10
Government
Co-Educational
EQI: 419
8

Property history

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For developers

Unitary plan:Residential Medium Density
Land:-
Title:Cross-Lease
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
19/105 Purchas Street
0.11 km
1
1
51m2
Year 2024 Month 06 Day 14
$410,000
Council approved
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2
110m2
Year 2024 Month 05 Day 09
$605,000
Council approved
0.07 km
2
1
97m2
Year 2024 Month 04 Day 18
$510,000
Council approved
0.11 km
3
1
138m2
Year 2024 Month 02 Day 03
$620,000
Council approved
4/436 Barbadoes Street
0.17 km
3
1
100m2
Year 2024 Month 01 Day 02
$525,000
Council approved

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