Nestled at 2/52 Fendalton Road, Fendalton, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 2021 with a fibrous cement roof and roughcast walls in good condition, this unit title property sits on a level contour. The capital value has seen a rapid increase of 43.40% from $530,000 in 2019 to $760,000 as of 2022. The HouGarden AVM estimates the property at $755,000, while the latest sale was recorded at $790,000 in 2024, and $750,000 in 2016.
With a prime location, the property falls within the catchment area of esteemed schools such as Burnside High School (Decile 8), Christ the King School (Decile 8), and St Patrick's School (Decile 10), among others. This addresses the educational needs of families with children of varying ages.
These townhouses, on separate freehold titles, present a unique opportunity for investors and homeowners looking to add value or embark on a development project. The potential for repair strategies, rebuilds, or long-term investment makes it an attractive proposition for any buyer.
Updated on November 07, 2024