139e Olliviers Road, Phillipstown, Christchurch

Nestled in the serene cul-de-sac of Olliviers Road, this 2008-built, freehold townhouse boasts a prime location in Phillipstown, Christchurch. The 90sqm floor area is spread over three levels, featuring one bedroom, one bathroom, and two car parks. The Iron-clad exterior and roof are in good condition, exuding contemporary elegance. The property's Capital Value (CV) has seen a remarkable 54% increase from $250,000 in 2019 to $385,000 in 2022, showcasing strong growth potential. The HouGarden AVM estimates the property's value at $377,500, while the latest sales history includes transactions at $260,000 in 2008 and $215,000 in the same year.

For families, the property falls within the catchment area of multiple schools, including Middleton Grange School (Decile 9), Linwood Avenue School (Decile 2), Hillview Christian School (Decile 7), and more. This ensures access to quality education for all ages. The townhouse is not only an ideal first home but also a sound investment opportunity, with a rental estimate of $430-$450 a week, making it an attractive prospect for both professionals and investors.

With its convenient access to the city center, the new stadium, and a wealth of amenities, this townhouse is a gem that combines comfort, convenience, and potential returns. First-time buyers and investors should act fast to secure this attractive property in a sought-after school zone.

Updated on August 28, 2024