5 Heather Place, Mairehau, Christchurch

Nestled on a beautifully landscaped 635sqm section in the serene Heather Place, Mairehau, Christchurch, this 1950-built, freehold property boasts 4 bedrooms, 1 bathroom, and 2 car parks. The 89sqm floor area is complemented by concrete walls and tiled roofing, both in average condition. The current Capital Value (CV) stands at $540,000, a 50% increase since 2019, reflecting its growing investment potential. The property, priced at $680,000, includes a front dwelling with a modern kitchen and a separate lounge, and a rear sleepout with a private yard, making it ideal for extended family living or dual rental income opportunities.

With a HouGarden AVM of $520,000 and a history of latest sales at $145,000 in 1999 and $85,000 in 1996, this property is not just a home but a sound investment. The CV growth history and the property's prime location within sought-after school zones, including Mairehau Primary and High Schools, Emmanuel Christian School, and others, all contribute to its allure.

Educationally, the area is a winner with schools like Middleton Grange School (Decile 9), Hagley Community College (Decile 6), and Marian College (Decile 8), all within reach. This property offers a golden opportunity to reside in a family-friendly environment with easy access to the CBD, making it a perfect blend of convenience, comfort, and potential for growth.

Updated on October 04, 2024