Nestled in the heart of Linwood, Christchurch, at 2/358 Worcester Street, this residential ownership home unit boasts privacy and security within its fully fenced confines. The 1960-built home features 2 bedrooms, 1 bathroom, and a floor area of 70 square meters. The exterior walls are made of concrete, in average condition, while the roof, constructed with tiles, is also in average condition. This cross-lease property has seen a significant increase in Capital Value (CV), rising from $260,000 in 2019 to $405,000 as of 2022, indicating a growth of 55.77%. Notably, the property is equipped with modern amenities such as a heat pump, HRV system, polished timber flooring, and LED lighting.
As for the valuation, the latest sale was recorded at $437,000 in 2024, with a HouGarden AVM of $387,500. The property presents a promising investment opportunity with a clear CV increase trend. The history of sales shows a leap from $242,500 in 2013 to the recent transaction, reflecting a robust market value growth.
For families with children, the property falls within the catchment area of several well-regarded schools. Middleton Grange School, a composite school with a decile rating of 9, is one of the highlights. Other schools in the zone include Hillview Christian School (decile 7), Hagley Community College (decile 6), and Marian College (decile 8), among others. This address offers access to quality education, making it an ideal choice for families.
Updated on April 10, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.06 km | 2 | 1 | 71m2 | Year 2024 Month 10 Day 29 | $539,000 | Council approved | ||
0.14 km | 1 | 1 | 52m2 | Year 2024 Month 10 Day 23 | $434,400 | Council approved | ||
 | 0.20 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 13 | $390,000 | Council approved | |
 | 0.15 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 02 | - | Council approved | |
 | 0.11 km | 2 | 1 | 80m2 | Year 2024 Month 08 Day 23 | - | Council approved |