238 Opawa Road, Hillsborough, Christchurch

Nestled in the heart of Hillsborough, Christchurch, this residential dwelling at 238 Opawa Road boasts a freehold title on a level 645m² section. Constructed in 1951 with brick walls and tiled roofing, the 128m² floor area includes an open plan living space, four bedrooms, one bathroom, and two toilets. Despite the poor condition of the walls and roof, this property presents a project-ready opportunity with a tandem garage and workshop. The capital value has seen a growth of 9.46% from $370,000 in 2019 to $405,000 as of 2022, with a HouGarden AVM estimate of $397,500. Notably, the latest sale history includes transactions in 2005 and 1994 at $200,000 and $103,000 respectively.

With a CV increase that outpaces the market average, this property is situated in a sought-after school zone. Middletons Grange School, Hillview Christian School, and Marian College are among the high-decile institutions in the area. The property's convenient location and potential for improvement make it an attractive prospect for investors and families alike.

For families with school-aged children, the surrounding school network is a significant highlight. The zone includes top-rated schools such as Middleton Grange School (decile 9) for years 11-13, Hillview Christian School (decile 7), and Marian College (decile 8). The property's proximity to these educational institutions adds to its appeal, making it an ideal choice for those seeking quality education in a family-friendly neighborhood.

Updated on August 29, 2024