4/166 Salisbury Street, Christchurch Central, Christchurch

Nestled in the heart of Christchurch City, this distinctive three-bedroom townhouse with a cross-lease title is a shining example of sophisticated design and urban practicality. Constructed in 1995 with iron roofing and concrete walls in good condition, the property sits on a level contour within a quiet cul-de-sac. It boasts a floor area of 140 square meters and includes a single car park. The current Capital Value (CV) as of August 2022 is $570,000, reflecting a significant increase of 40.7% from the CV of $405,000 in August 2019.

With a HouGarden AVM of $552,500 and a latest sale history of $387,000 in 2019, following a sale of $230,000 in 2015, this property presents a promising investment opportunity. The townhouse is designed over three levels, with the ground floor hosting a versatile space, including a bedroom and bathroom, while the first floor serves as the heart of the home with an open-plan kitchen, dining, and lounge area. The upper level features two bedrooms, a main bathroom, and a private retreat that overlooks the vibrant city.

For families, the property falls within the catchment area of several well-regarded schools. Middleton Grange School (Decile 9) caters to Years 11-13, Hillview Christian School (Decile 7) and Christchurch Adventist School (Decile 5) are also nearby. Other schools include Mairehau High School (Decile 4), Christchurch East School (Decile 3), Hagley Community College (Decile 6), and Marian College (Decile 8), ensuring a range of educational options for all ages.

Updated on July 25, 2024