11 League Lane, Phillipstown, Christchurch

Nestled in the serene League Lane of Phillipstown, Christchurch, this modern 2-bedroom, 1-bathroom home with a single carpark presents an attractive opportunity for first-time buyers or investors. Constructed in 2018 on a freehold title, the property boasts a roughcast exterior, iron roof, and a well-maintained condition. Spanning an area of 80 square meters and set on a levelled 181 square meter section, it offers an open-plan living space that is bathed in natural light. The capital value has seen a significant increase from $370,000 in 2019 to $520,000 as of 2022, reflecting a growth of 41%. The latest sale history shows a transaction at $465,000 in 2024, indicating a below-market value opportunity. The property is valued at $500,000 according to HouGarden AVM. For families with children, the property falls within the decile 9 Middleton Grange School zone and is in proximity to several other well-rated schools, including Te Waka Unua School and Marian College.

With a heat pump for comfort, built-in robes in both bedrooms, and a north-facing deck for relaxation, this home is perfect for those who appreciate quality living. The absence of body corporate fees adds to the appeal. Its location near the Christchurch CBD and easy access to amenities make it a desirable investment. Act now to secure this property, priced below its RV!

Education is a priority with schools like Middleton Grange School (decile 9) catering to years 11-13, Te Waka Unua School (decile 2) for full primary education, Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (decile 3) for secondary education, all within reach.

Updated on April 17, 2024