Nestled in the coveted Ilam neighborhood, this 2-bedroom townhouse on 214a Waimairi Road offers a prime living experience. Constructed in 1971 with concrete walls and tiled roofing, the property is in good condition both inside and out. It sits on a level contour with a private driveway, a single carpark, and a floor area of approximately 110 sqm. The home features a large lounge with a heat pump, a sunny conservatory, and a spacious dining area adjacent to the separate kitchen. It's on the market for the first time in over 40 years, with a current Capital Value (CV) of $570,000, showcasing a growth of 39.02% since 2019. The property is under a Cross-Lease ownership and has a HouGarden AVM of $552,500, with the latest sale recorded at $535,000 in June 2024.
With a CV increase that outpaces the market, this property is not just an investment but a smart one. The recent sale history and AVM reflect the property's desirability in a rapidly appreciating area.
For families, the school zone is a significant draw. It's zoned for top-rated schools such as Burnside High School (Decile 8) and Westburn School (Decile 9), among others. The educational opportunities are vast and of high caliber, making this property an ideal choice for those who value a quality education for their children.
Updated on August 01, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 2 | 1 | -m2 | Year 2025 Month 02 Day 19 | - | Council approved | |
 | 0.08 km | 2 | 1 | 100m2 | Year 2024 Month 12 Day 14 | $590,000 | Council approved | |
 | 0.22 km | 3 | 2 | 160m2 | Year 2024 Month 12 Day 06 | - | Council approved | |
 | 0.14 km | 4 | 1 | 120m2 | Year 2024 Month 12 Day 05 | - | Council approved | |
 | 0.10 km | 2 | 1 | 91m2 | Year 2024 Month 11 Day 30 | $680,000 | Council approved |