2/20 Donald Place, Saint Albans, Christchurch

Nestled in the serene Donald Place, this 1-bedroom, 1-bathroom residential unit with a single carpark presents an inviting opportunity. Constructed in the 1960s with iron roofing and wooden walls in average condition, this cross-lease property offers a floor area of 50 square meters. The capital value has seen a remarkable increase of 68.97% from $290,000 in 2019 to $490,000 as of 2022. The property, located in a level contour, is in a quiet cul-de-sac, close to the Merivale Mall and the bustling CBD. The latest sale was recorded at $429,000 in 2024, with a HouGarden AVM of $445,000, indicating a promising investment prospect.

For families with school-going children, the property falls within the catchment area of esteemed institutions such as Christ the King School (Decile 8), Heaton Normal Intermediate (Decile 9), and Villa Maria College (Decile 9). Christchurch Boys' High School and Elmwood Normal School, both Decile 10, are also within easy reach. This not only ensures quality education but also adds to the property's allure.

With a warm, sunny living/dining room equipped with a heat pump, an original kitchen with a spacious pantry, a sunny bedroom with a large wardrobe, and a separate toilet, this unit is a cozy haven. The current tenant pays $275.00 per week on a periodic tenancy, making it an attractive proposition for investors. This property is a great starter, ready for its new owner to add their personal touch.

Updated on December 11, 2024