45 Redruth Avenue, Spreydon, Christchurch

Located at 45 Redruth Avenue, Spreydon, Christchurch, this solid permanent-material townhouse offers an excellent opportunity for a first home, a fresh start, or an investment. With 2 bedrooms, a sunny north-facing aspect, and a lovely rear garden, this property is the rear one of two, ensuring privacy and tranquility. It features secure off-street parking and a lock-up garage. The home is constructed with concrete walls and tile roofing, indicating durability and low maintenance. The floor area is 110 square meters, and it is on a Cross-Lease title. Built in 1976, both the wall and roof conditions are good, and the property contour is level, making it an ideal living space.

The capital value of this property has seen a significant increase, from $325,000 in August 2019 to $440,000 in August 2022, marking a 35.38% growth. The latest sale was on February 20, 2024, for $525,000, demonstrating its appreciating value in the market. The HouGarden AVM estimates the property's value at $422,500, highlighting its potential for further growth.

Education is a priority for many, and this property does not disappoint. It is zoned for several high-decile schools, including Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, Christchurch South Karamata Intermediate, Addington School, Cashmere High School, Hillview Christian School, Christchurch Adventist School, and Hagley Community College. These schools range from decile 3 to 9, offering a variety of educational environments for children of different ages and needs.

Updated on April 04, 2024.