Nestled at 1 Munro Street, Redwood, Christchurch, this freehold property boasts a prime location in a sought-after area. Constructed in 1960 with concrete walls and an iron roof, both in good condition, the residence offers 3 bedrooms, a well-appointed bathroom, separate toilet, and a spacious open plan living area. The floor area spans approximately 175sqm, while the land area is about 514sqm. Additional features include a gas fire, double glazing, private courtyard, and a double garage.
As for the property's financials, the capital value has seen a remarkable increase from $440,000 in August 2019 to $640,000 in August 2022, indicating a growth rate of 45.45%. The HouGarden AVM mirrors this figure, while the latest sale history shows transactions at $631,000 in 2024 and $450,000 in 2019. Clearly, this is an attractive investment opportunity.
For families with children, the property falls within the catchment area of several high-performing schools. Christ the King School and St Joseph's School both have a decile rating of 8 and 9 respectively, while Villa Maria College and Middleton Grange School are both rated 9. Other nearby schools include Redwood School, Papanui High School, and Marian College, all offering quality education.
Updated on September 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.03 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 01 | $730,000 | Council approved | |
 | 0.24 km | 2 | 1 | 90m2 | Year 2024 Month 10 Day 10 | $465,000 | Council approved | |
 | 0.20 km | 4 | 2 | 132m2 | Year 2024 Month 10 Day 02 | - | Council approved | |
 | 0.14 km | 3 | 1 | 140m2 | Year 2024 Month 08 Day 28 | - | Council approved | |
 | 0.19 km | 3 | 1 | -m2 | Year 2024 Month 06 Day 21 | $645,000 | Council approved |