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Nestled in the serene cul-de-sac of 1/78 Andover Street, Merivale, Christchurch, this Residential - Ownership home unit boasts a modern design with 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 2016 with a robust iron roof and well-maintained wooden walls, the property is set on a level contour. The 85sqm floor area is complemented by a Cross-Lease title, offering both security and convenience. Notably, the Capital Value (CV) has seen a rapid increase from $550,000 in 2019 to $750,000 in 2022, reflecting a growth of 36.36%. This is a testament to the property's escalating worth and investment potential.
With a HouGarden AVM of $745,000 and a latest sale record of $445,000 in 2016, the property presents a sound financial history. The CV growth percentage is a clear indicator of the property's rising market value. This sun-filled townhouse is not just a home but a smart investment for the future.
Education is a cornerstone of any community, and this property is within the highly sought-after school zones of Elmwood Normal School, Heaton Normal Intermediate, Christchurch Girls' High School, Christchurch Boys' High School, and Burnside High School, among others. These schools, with their high decile ratings, offer an excellent education for children of all ages. The location truly embodies the real estate adage of 'Location, Location, Location', making this property an exceptional find in the heart of Merivale.
Updated on November 06, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 3 | 140m2 | Year 2025 Month 01 Day 08 | $575,000 | Council approved | ||
 | 0.12 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 13 | - | Council approved | |
 | 0.05 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 27 | - | Council approved | |
0.07 km | 3 | 1 | 90m2 | Year 2024 Month 11 Day 13 | $685,000 | Council approved | ||
 | 0.04 km | 4 | 3 | 288m2 | Year 2024 Month 09 Day 30 | - | Council approved |