69b Grafton Street, Waltham, Christchurch

Nestled in a serene cul-de-sac of Waltham, Christchurch, this 2-bedroom, 1-bathroom townhouse with a single carpark on a cross-lease title presents an inviting opportunity. Constructed in 1998 with robust brick walls and tiled roofing, the property boasts a floor area of 90 square meters and is in a good condition both inside and out. The capital value has seen a dramatic increase of 53.57% from $280,000 in 2019 to $430,000 as of August 2022, showcasing a promising investment growth. The latest sale history points to a competitive market with sales prices of $282,500 in 2019 and $235,000 prior to that.

Valuation estimates from HouGarden AVM reflect a current worth of $417,500, indicating potential for further growth. The property is centrally located, convenient to local amenities and public transport, with the city center easily accessible. It features a heat pump for winter warmth, a well-equipped kitchen, and a cozy living space that opens to a private courtyard – ideal for relaxation and outdoor enjoyment.

For families with children, the property falls within the zones of several well-regarded schools. Middleton Grange School, a composite school with a decile rating of 9, is one of the many educational institutions in the area. Others include Te Waka Unua School, Hillview Christian School, Christchurch Adventist School, Hagley Community College, Marian College, and Te Aratai College, all offering a range of educational options for different age groups.

Updated on July 25, 2024