2/621 Cashel Street, Linwood, Christchurch

Nestled in the serene Linwood neighborhood of Christchurch, this 1977-built, cross-lease property at 2/621 Cashel Street offers a charming living space. The residence boasts 2 bedrooms, a bathroom, a single carpark, and a floor area of 70 square meters, all protected by concrete walls and tiled roofing in average condition. This property, with a government valuation (CV) of $315,000 as of August 2022, has seen a remarkable increase of 57.5% from its $200,000 valuation in August 2019. It presents a golden opportunity for investors or homeowners looking for a stable income stream, with a potential rental return of $400 per week.

History shows a latest sale in 2007 for $145,000, while the current HouGarden AVM estimates the property's worth at $310,000. This home not only promises financial potential but also a convenient lifestyle, being within walking distance of Eastgate Mall and well-served by a bus route. For families, the property falls within the decile 9 Middleton Grange School zone and is close to several other well-rated educational institutions, including Linwood Avenue School and Marian College.

Educationally endowed, this property is a wise investment for those seeking a quiet life in a location that values learning. The schools in the area offer diverse options, catering to different age groups and educational needs. With such a favorable combination of attributes, this property is not just a home, but a stepping stone to a secure future.

Updated on July 30, 2024