3/37 Spencer Street, Addington, Christchurch

Nestled in a tranquil cul-de-sac at 3/37 Spencer Street, Addington, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1975 with concrete walls and tiled roof, both in good condition, the property sits on a level contour. The 86sqm floor area is complemented by a sunny conservatory, perfect for north-facing light. The government's capital value has seen a 50.94% increase from $265,000 in 2019 to $400,000 as of 2022, while the HouGarden AVM estimates it at $382,500. The latest sale was in 2020 for $280,000. This home offers the convenience of city living with the tranquility of a good-sized garden bordering the serene Addington Bush.

For investors or families, the property's location within the catchment area of several high-performing schools is a significant plus. It includes Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more. Updates like new carpet, insulation, and heating, done less than four years ago, add to the property's appeal, with further potential for value addition.

Centrally located between Lincoln Road and Brougham Street, this home unit is an ideal first home or rental opportunity. The market is invited to seize this chance, as the owner is ready to meet the market and sell this charming property, which will not last long before auction day.

Updated on October 10, 2024