50 Princes Street, Waikari, Hurunui

Nestled in the serene Waikari, 50 Princes Street stands as a charming residence that combines ample space with warmth and exceptional value. This inviting home, built in 1950 with wood exterior walls and tiled roofing, offers 3 bedrooms, 2 bathrooms, and is complemented by a generous 92 square meters of floor area on a sprawling 888 square meter section. As a freehold property, it presents a solid investment opportunity. The interior is adorned with a modern log burner, setting the stage for a cozy family life. An additional consented sleepout with its own bathroom provides potential for extended living or rental income. The property has seen a significant Capital Value increase of 66%, from $235,000 in 2019 to $390,000 as of 2022. The HouGarden AVM estimates the property at $372,500, while the latest sales history shows a sale in 2024 for $450,000, indicating a thriving market. This quiet cul-de-sac is not only centrally located in Waikari but also within the desirable school zones of Rangiora New Life School, rated 9 on the decile scale, and Christchurch Adventist School, rated 5.

With a CV growth rate that outpaces the market average, this property is not just a home but a smart investment. The latest sale price of $450,000, compared to the previous sale in 2016 for $230,000, is a testament to its increasing desirability. The well-maintained garden, array of sheds, and convenient parking with a double garage and carport only add to the allure of this countryside gem.

For families with educational priorities, the property falls within the catchment area of two well-regarded schools, ensuring access to quality education. 50 Princes Street is not just a house; it's a lifestyle choice that promises comfort, convenience, and a thriving community.

Updated on October 09, 2024