29 Hinemoa Street, Spreydon, Christchurch

Nestled at 29 Hinemoa Street, Spreydon, Christchurch, this charming residential property on a spacious 814sqm of freehold land offers a captivating blend of vintage charm and modern convenience. Constructed in 1930 with wood walls and an iron roof, both in good condition, the bungalow features 3 bedrooms, a bathroom, and is equipped with a heat pump for year-round comfort. The property, with a current Capital Value (CV) of $660,000, has shown a remarkable CV increase of 65% since 2019, reflecting its growing investment potential.

With a recent HouGarden AVM of $632,500 and a last sale price of $395,000 in 2019, this property is poised for further growth. The generous land area provides a unique opportunity for developers and investors to unlock its full potential, while the existing periodic tenancy offers a hassle-free investment option. Its prime location, close to Barrington Mall and the CBD, further enhances its appeal.

For families with school-aged children, the property falls within the zone of several high-performing schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), ensuring access to quality education. This property is not just a home; it's a smart investment in a sought-after location.

Updated on November 01, 2024