Nestled in the serene Manuka Street of Mairehau, Christchurch, this charming freehold property boasts a concrete exterior and a tiled roof, echoing the elegance of the 1950s. With 3 cozy bedrooms, a functional open plan kitchen, and a sprawling entertainment deck, it offers a comfortable living space of 104 square meters on a levelled 524 square meter section. The property includes a carport for 2 vehicles, enhancing convenience in this quiet cul-de-sac. Notably, the capital value has surged by 51.43% over the past 3 years, from $350,000 in 2019 to the current $530,000, exceeding the HouGarden AVM of $495,000. The latest sale history shows an increasing trend, with a sale in 2017 at $355,000 and another in 2012 at $315,000.
For families with children, the property falls within a desirable school zone. It is in close proximity to Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Mairehau High School (Decile 4), among others, ensuring access to quality education. This combination of capital growth potential and educational opportunities makes it an attractive investment for both first home buyers and investors.
Embrace the tranquility of suburban living while enjoying easy access to the city center. This property is a gem waiting to be polished, offering a blend of convenience, comfort, and potential for added value. Whether you seek a cozy family home or a wise investment, this address presents a world of possibilities.
Updated on May 08, 2024