Nestled in a quiet cul-de-sac on 257 Weston Road, Mairehau, Christchurch, this 1940's 3-bedroom, 1-bathroom bungalow with a single carpark is a freehold property that's perfect for buyers seeking strong investment returns. The residence, set on a level 690m2 section with a roughcast exterior and tiled roof, has an average condition and offers a generous floor area of 107m2. The capital value has seen a significant increase of 59.55% from $445,000 in 2019 to $710,000 in 2022, while the HouGarden AVM estimates it at $680,000. The latest sale history includes a transaction in 2024 for $570,000 and another in 2014 for $388,500.
For families with children, the property falls within the zones of several well-regarded schools, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Mairehau School (Decile 6). Proximity to shopping centers like The Palms and Northlands Mall, as well as Merivale Precinct, adds to the appeal. With potential for improvement, this property is a golden opportunity for those looking to add value.
With Mairehau Primary and Mairehau High School within walking distance, and the convenience of public transport and main city routes nearby, this home offers both convenience and potential. Whether you choose to revamp or start anew, the possibilities are endless in this delightful freehold property.
Updated on October 24, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.16 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 11 | - | Council approved | |
 | 0.17 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 07 | - | Council approved | |
0.14 km | 2 | 1 | 92m2 | Year 2024 Month 10 Day 24 | $639,000 | Council approved | ||
 | 0.21 km | 3 | 107m2 | Year 2024 Month 09 Day 25 | $685,000 | Council approved | ||
 | 0.21 km | 3 | 1 | 82m2 | Year 2024 Month 08 Day 09 | - | Council approved |