Nestled in the serene Mairehau, Christchurch, this stunning freehold property at 127 Francis Avenue boasts a generous land area of 1267sqm and a floor area of 146sqm. Constructed in 1930 with wood walls and iron roofing, both in good condition, this home offers 4 bedrooms, a carpark, and the comfort of heat pumps. The capital value has seen a remarkable increase of 36.36%, from $660,000 in 2019 to $900,000 as of 2022. The latest sale was recorded at $635,000 in 2024, while the HouGarden AVM estimates it at $862,500.
With a history of steady capital value growth, this property is not just an investment but a wise one. The government valuations reflect its escalating worth, making it an attractive opportunity for potential buyers.
For families with children, the property falls within the decile 9 Middleton Grange School zone, along with other well-rated institutions such as Emmanuel Christian School and Marian College. The educational options are as impressive as the property itself, promising a sound future for both investment and family life.
Updated on April 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 3 | 1 | 140m2 | Year 2024 Month 11 Day 15 | - | Council approved | |
 | 0.17 km | 2 | 1 | 88m2 | Year 2024 Month 10 Day 03 | $500,000 | Council approved | |
 | 0.14 km | 3 | 1 | 88m2 | Year 2024 Month 08 Day 27 | $802,500 | Council approved | |
 | 0.19 km | 3 | 134m2 | Year 2024 Month 07 Day 11 | $1,050,000 | Council approved | ||
 | 0.17 km | 3 | 1 | 120m2 | Year 2024 Month 06 Day 26 | - | Council approved |