87b Hills Road, Edgeware, Christchurch

Nestled at 87b Hills Road, Edgeware, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1960 with concrete walls and an iron roof, both in good condition, this cross-lease property sits on a level contour. The capital value has seen a significant increase of 43.48% from $230,000 in August 2019 to $330,000 in August 2022. The property also holds a HouGarden AVM of $305,000, with a latest sale history of $175,000 in 2006 and $88,000 in 1999.

For investors, the current fixed term tenancy until August 2025, paying $425 per week, presents a lucrative opportunity. The living area is bright and spacious, with a modern kitchen/dining featuring new flooring, and an updated bathroom that provides both natural light and privacy. The master bedroom is sunny and roomy, complemented by a smaller second bedroom with additional storage. As an end unit, the property enjoys a larger yard with outdoor entertainment options and privacy, secured by wrap-around fencing.

Educationally, the property falls within the decile 9 Middleton Grange School (Years 11-13) zone, along with other well-rated schools such as Emmanuel Christian School (decile 8), Shirley School (decile 3), and more. This combination of affordability, location, and potential adds up to make this property an attractive prospect for both investors and families.

Updated on December 18, 2024