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1/18 Gibson Drive, Hornby, Christchurch, 2 Bedrooms, 1 Bathrooms, Unit

Sold: $506,000

Sold on 2024 Year 2024 Month 08 Day 19

1/18 Gibson Drive, Hornby, Christchurch

2
1
90m2

Nestled in the serene Gibson Drive cul-de-sac, this 1976-built, 2-bedroom, 1-bathroom unit with a single carpark is a gem on a level contour. The concrete walls and tiled roof are in good condition, reflecting the property's solid structure. It's a cross-lease home unit, perfect for those seeking a low-maintenance lifestyle. The capital value has seen a remarkable growth of 78%, from $295,000 in 2019 to the current $525,000. The HouGarden AVM estimates it at $530,000, while the latest sales were at $506,000 in 2024 and $350,000 in 2020. This home is not just about numbers; it's about comfort, with a heat pump and HRV system ensuring year-round coziness.

When it comes to investment, the government valuations and sales history are promising. The property's capital value increase is a testament to its appeal and potential. This is further supported by the Hornby High School (Decile 3), South Hornby School (Decile 4), and Middleton Grange School (Decile 9) in the area, making it an ideal choice for families.

Education is a priority, and this property is zoned for top schools such as Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Aidanfield Christian School (Decile 8), ensuring a quality education for your children. With such a convenient location, this unit offers the perfect blend of charm, comfort, and convenience.

Updated on October 02, 2024

Council Data

Last update : 2025 01 15
Improvement value$310,000Increased by 72% from year 2019
Land value$215,000Increased by 86% from year 2019
CV(Year 2022 Month 08)$525,000Increased by 77% from year 2019
View typeNo appreciable view
ContourLevel
Floor area90m²
Decade of construction1976
TitleCB16K/12
Type of titleCross-Lease
Legal descriptionFLAT 1 DP 38143 ON LOT 79 DP 35884 HAVING SHARE IN 619 M2
CouncilChristchurch
Estate descriptionFSIM,1/2,LOT 79 DEPOSITED PLAN 35884,619m2
ConstructionExternal Walls: Concrete
Roof: Tiles
ConditionExternal Walls: Good
Roof: Good
ZoningResidential Suburban

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Te Manu Tukutuku South Hornby School
0.92 km
Primary
1-6
Government
Co-Educational
EQI: 478
4
Hornby High School
1.87 km
Secondary
7-15
Government
Co-Educational
EQI: 500
3
St Thomas of Canterbury College
2.81 km
Secondary
7-15
Government
Single Sex-Boys
EQI: 427
8
Aidanfield Christian School
3.06 km
Combined
1-13
Government
Co-Educational
EQI: 377
8
Middleton Grange School
3.84 km
Combined
1-13
Government
Co-Educational
EQI: 406
9
Villa Maria College
3.84 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 407
9
Te Puna Wai o Waipapa - Hagley College
7.29 km
Secondary
9-15
Government
Co-Educational
EQI: 472
6
Christchurch Adventist School
8.64 km
Combined
1-13
Government
Co-Educational
EQI: 438
5

Property history

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For developers

Unitary plan:Residential Suburban
Land:-
Title:Cross-Lease

Surrounding facilities

Gibson Drive Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
7 McKellar Place, Hornby
0.09 km
4
1
-m2
Year 2024 Month 11 Day 26
-
Council approved
10 Awatea Road, Hornby
0.17 km
3
1
110m2
Year 2024 Month 11 Day 21
-
Council approved
33 Gibson Drive, Hornby
0.04 km
5
2
175m2
Year 2024 Month 11 Day 19
-
Council approved
62 Oakley Crescent, Hornby
0.12 km
3
1
97m2
Year 2024 Month 10 Day 25
$640,000
Council approved
10 McKellar Place, Hornby
0.07 km
4
1
-m2
Year 2024 Month 09 Day 20
-
Council approved

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