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Nestled at 7/243 Cambridge Terrace within Christchurch's bustling CBD, this 96sqm residential unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 2021 with a mix of materials for the walls and iron for the roof, it presents a good condition both inside and out. The property, held under a Unit Title, is a prime example of modern city living, enhanced by its capital value growth of 34.6% from $780,000 in 2019 to the current $1,050,000. The latest sale in 2021 reflects a competitive market with a transaction of $800,000.
With a HouGarden AVM of $1,025,000, this property is not only an attractive investment but also a comfortable home. The government-estimated capital value increase indicates a promising trend for future growth. The recent sale history and current valuation provide a solid foundation for informed decision-making.
For families with children, the property falls within the catchment area of several well-regarded schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Marian College (Decile 8), ensuring access to quality education. The convenience of the location, combined with the property's quality and potential, makes it an appealing choice for both investors and homeowners.
Updated on August 30, 2024
