123 Saint James Avenue, Papanui, Christchurch

Introducing a golden opportunity at 123 Saint James Avenue, Papanui, Christchurch! This standalone property, nestled in the thriving suburb of Papanui, offers a unique blend of location, potential, and opportunity. Featuring one spacious bedroom, one bathroom, and a garage with an additional car space, this 'as is, where is' property is perfect for developers, investors, and renovators. The floor area spans 80 square meters on a level contour, with roughcast walls and an iron roof, both in good condition. Built in 1993 and holding a Cross-Lease title, this property is a canvas awaiting transformation.

Over the past five years, the capital value (CV) has seen a significant increase from $370,000 in August 2019 to $510,000 in August 2022, marking a growth of approximately 37.84%. The latest sale on February 15, 2024, was recorded at $377,000, up from $215,000 in April 2008. The HouGarden AVM estimates the property's value at $490,000, indicating its potential for further appreciation.

Located within a prime school zone, this property offers access to top-rated educational institutions. It falls within the zones for Cobham Intermediate, Christ the King School (Christchurch), St Patrick's School (Bryndwr), Waimairi School, Heaton Normal Intermediate, Villa Maria College, Middleton Grange School (Years 11 - 13), Emmanuel Christian School, Papanui High School, St Joseph's School (Papanui), Christchurch Adventist School, Hagley Community College, and Marian College, with deciles ranging from 5 to 10. This wide selection of schools provides excellent educational opportunities for families.

Updated on April 04, 2024.