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10/70 Waltham Road, Sydenham, Christchurch, 2 Bedrooms, 1 Bathrooms, House

Sold: $560,000

Sold on 2024 Year 2024 Month 11 Day 13

10/70 Waltham Road, Sydenham, Christchurch

2
1
72m2

Nestled in the heart of Sydenham, Christchurch, this post-quake-built dual-key property at 10/70 Waltham Road boasts a promising investment opportunity. The 2017-built residence features 2 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 72 square meters. Constructed with a mix of materials for the walls and iron for the roof, this unit title property is in a good condition both inside and out. The property's capital value has seen a significant increase from $395,000 in 2019 to $570,000 as of August 2022, reflecting a growth of 44.30%.

With a HouGarden AVM of $562,500 and a latest sale record of $426,000 in 2015, this property offers a high yield of over 6%. It is located within a desirable school zone, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Hagley Community College (Decile 6), among others, making it an ideal choice for families.

Investors will be enticed by the property's potential for both rental income and capital gains, with its fully furnished status and prime location minutes away from Christchurch's CBD. The demand for such well-maintained rental properties is on the rise, and this property stands to benefit from the city's ongoing growth and revitalization.

Updated on November 14, 2024

Council Data

Last update : 2024 12 11
Improvement value$415,000Increased by 31% from year 2019
Land value$155,000Increased by 96% from year 2019
CV(Year 2022 Month 08)$570,000Increased by 44% from year 2019
DeckYes
View typeNo appreciable view
ContourLevel
Floor area72m²
Decade of construction2017
Title758169
Type of titleUnit Title
Legal descriptionUNIT 211 DP 504225 ON LOT 6 DP 479995 HAVING SHARE IN 2422 M2
CouncilChristchurch
Estate descriptionSTFH,1/1,PRINCIPAL UNIT 211 AND ACCESSORY UNIT 211A, 211B AND 1/2 SHARE OF ACCESSORY UNIT 305 DEPOSITED PLAN 504225
ConstructionExternal Walls: Mixed Materials
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningResidential Medium Density

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Waltham School
0.23 km
Primary
1-8
Government
Co-Educational
EQI: 501
3
Hillview Christian School
0.70 km
Combined
1-13
Government
Co-Educational
EQI: 421
7
Marian College
1.31 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 434
8
Te Aratai College
2.13 km
Secondary
7-15
Government
Co-Educational
EQI: 518
3
Te Puna Wai o Waipapa - Hagley College
2.47 km
Secondary
9-15
Government
Co-Educational
EQI: 472
6
Middleton Grange School
5.93 km
Combined
1-13
Government
Co-Educational
EQI: 406
9
Christchurch Adventist School
6.45 km
Combined
1-13
Government
Co-Educational
EQI: 438
5

Property history

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For developers

Unitary plan:Residential Medium Density
Land:-
Title:Unit Title

Surrounding facilities

Waltham Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
17/15 Bunyan Street, Waltham
0.04 km
2
2
-m2
Year 2024 Month 10 Day 11
$512,000
Council approved
36/10 Buffon Street, Waltham
0.08 km
3
3
-m2
Year 2024 Month 07 Day 31
-
Council approved
0.04 km
2
1
64m2
Year 2024 Month 07 Day 19
$525,000
Council approved
0.06 km
2
1
64m2
Year 2024 Month 07 Day 19
$525,000
Council approved
36/10 Buffon Street, Waltham
0.08 km
3
1
96m2
Year 2024 Month 07 Day 14
$555,000
Council approved

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