Nestled in the serene cul-de-sac of Worthy Street, Ilam, Christchurch, this 1950-built residential dwelling with cross-lease title is a gem. The property boasts a floor area of 110sqm, three bedrooms, and a carpark. Its exterior walls, crafted from wood, and tiled roof are in average condition. The capital value has seen a 50% increase from $420,000 in 2019 to the current $630,000. The latest sale was recorded at $625,000 in 2024, with a HouGarden AVM of $612,500, indicating a smart investment opportunity.
With a CV growth rate that outpaces the market, this property is not just a home but a sound financial decision. The recent insurance payout of $28,560 for drives and pathways adds further value to the purchase.
For families, the school network is a significant draw. Within reach are top-rated institutions such as Avonhead School (Decile 7), St Patrick's School (Decile 10), Villa Maria College (Decile 9), and more. This is not just a house; it's an investment in a lifestyle and education.
Updated on August 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.20 km | 3 | 170m2 | Year 2024 Month 11 Day 01 | $535,000 | Council approved | |||
 | 0.07 km | 3 | 1 | 100m2 | Year 2024 Month 09 Day 28 | $590,000 | Council approved | |
 | 0.15 km | 3 | 1 | 142m2 | Year 2024 Month 09 Day 17 | $708,000 | Council approved | |
0.19 km | 3 | 144m2 | Year 2024 Month 08 Day 02 | $850,000 | Council approved | |||
 | 0.14 km | 2 | 1 | 170m2 | Year 2024 Month 06 Day 19 | $530,000 | Council approved |