42 Olivine Street, Shirley, Christchurch

Nestled at 42 Olivine Street, Shirley, Christchurch, this charming residential dwelling on a freehold title is a gem for first-time buyers. Constructed in 1950 with wood walls and tiled roof, the property maintains an average condition both inside and out. It spans a levelled 625sqm section with a floor area of 90sqm, encompassing 2 bedrooms, 1 bathroom, and a single car park. The capital value has seen a rapid increase of 50% from $360,000 in 2019 to the current $540,000 as of 2022, with a HouGarden AVM estimate of $495,000. The latest sales history shows transactions at $256,000 in 2011 and $265,000 in 2007.

For families with school-aged children, the property falls within the zone of several reputable schools, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Shirley School (Decile 3), among others. This well-maintained 'lady' of a home offers a warm, inviting atmosphere with a large, light-filled living area, a functional kitchen, and beautiful wooden flooring. The backyard is a haven for lifestyle living, complete with a greenhouse and garden beds. The added bonus of a consented wood burner and a heat pump ensures year-round comfort.

Located in a quiet cul-de-sac, the property is minutes away from the upcoming extensive development of Home Base, set to become the largest shopping development in Christchurch. This is an opportunity not to be missed, as this property is already a 'fan favourite' in the market.

Updated on December 13, 2024