2/29 Gordon Avenue, Saint Albans, Christchurch

Nestled in the serene Saint Albans, Christchurch, at 2/29 Gordon Avenue, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a floor area of 60 square meters. Constructed in 1967 with iron roofing and concrete walls, this cross-lease property sits on a level contour with average wall and roof conditions. The latest government capital value as of August 2022 is $440,000, showcasing a remarkable increase of 44.26% from the 2019 valuation of $305,000. HouGarden AVM estimates the property at $412,500, while the latest sale history includes a transaction in 2024 for $365,000 and another in 2007 for $226,000.

For families with school-aged children, the property falls within the catchment area of highly esteemed schools such as Elmwood Normal, Heaton Intermediate, Burnside High, CBHS & CGHS, with deciles ranging from 8 to 10. This is an ideal choice for first-home buyers, professional couples, or investors looking to capitalize on a prime location with excellent educational facilities.

Currently achieving an approximate rental of $450 per week, this property presents a golden opportunity for those seeking a healthy return on investment. The vendors, having owned the unit for over 21 years, are now ready to pass the torch to a new owner. Don't miss your chance to snap up this gem in a sought-after school zone, perfect for a variety of buyers and with potential for added value.

Updated on May 08, 2024