68a Creyke Road, Ilam, Christchurch

Nestled at 68a Creyke Road, Ilam, Christchurch, this Freehold property boasts a rich architectural history, crafted by the renowned architects Warren and Mahoney. It features 5 bedrooms, 2 carparks, and a floor area of 260sqm on a level plot of 985sqm. The concrete walls and tiled roof are in good condition, befitting its 1970 construction. The current Capital Value (CV) of $1,200,000 represents a 29.03% increase since 2019. This 'Pixie House' offers a unique monopitch roof and a courtyard design that provides a sense of seclusion, despite its prime location opposite the university. Notably, the property includes a one-bedroom self-contained dwelling, once home to the University of Canterbury Bridge Club.

With a HouGarden AVM of $979,500 and a latest sale in 2011 for $630,000, this property presents a compelling investment opportunity. The CV growth and the potential for restoration or redevelopment make it an attractive prospect for the discerning buyer.

For families, the property falls within the catchment of several high-performing schools, including Burnside High School, Cobham Intermediate, and Christchurch Boys' and Girls' High Schools, all rated 8 or above on the decile scale. It's a perfect blend of history, potential, and convenience.

Updated on September 16, 2024