Embrace this meticulously maintained property, nestled in a serene environment on Pages Road, Linwood, Christchurch. This 2-bedroom, 1-bathroom home with a floor area of 80sqm is built on a level contour with solid concrete walls and an iron roof, both in good condition. The cross-lease title adds to the affordability of this 1968-built residence. The property has seen a significant Capital Value increase of 60.47%, from $215,000 in 2019 to the current $345,000. The latest sale was recorded at $323,000 in 2021, while HouGarden's AVM estimates the property's worth at $315,000.
For investors, the property offers a guaranteed rental income of $510 per week, with a fixed-term tenancy until October 2025. The location is further enhanced by its proximity to top schools, with Middleton Grange School (Decile 9) and Marian College (Decile 8) being highlights. Other schools in the zone include Hillview Christian School (Decile 7), Bromley School (Decile 3), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), and Te Aratai College (Decile 3).
With a large back garden, off-street parking, and a converted garage for storage, this property is perfect for those seeking a low-maintenance, high-yield investment in a prime school zone.
Updated on December 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.21 km | 2 | 1 | 70m2 | Year 2024 Month 11 Day 07 | - | Council approved | |
 | 0.13 km | 3 | 1 | 100m2 | Year 2024 Month 09 Day 26 | $565,000 | Council approved | |
 | 0.09 km | 4 | 1 | 101m2 | Year 2024 Month 08 Day 28 | - | Council approved | |
 | 0.34 km | 3 | 117m2 | Year 2024 Month 08 Day 28 | $580,000 | Council approved | ||
 | 0.23 km | 3 | 1 | 100m2 | Year 2024 Month 07 Day 10 | $537,000 | Council approved |