2/518 Cashel Street, Linwood, Christchurch

Nestled in the heart of Linwood, Christchurch, at 2/518 Cashel Street, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1976 with brick walls and an iron roof, both in good condition, this sun-drenched property offers open plan living with a modern kitchen and indoor-outdoor flow to a private courtyard. The capital value has seen a remarkable 100% increase from $215,000 in 2019 to $430,000 as of 2022, showcasing a rapid growth potential. The property is on a cross-lease title and is valued at $325,000 by HouGarden AVM, with a latest sale history of $218,000 in 2014 and $100,000 in 2003.

For families, the property falls within the decile 9 Middleton Grange School zone, along with several other well-rated schools such as Linwood Avenue School, Hillview Christian School, and Marian College. This makes it an ideal investment for those seeking quality education for their children.

With a heat pump, modern bathroom, and potential eligibility for the first home buyers grant, this property is perfect for investors, professionals, or first-time homebuyers looking for affordable living in a convenient location, close to Fitzgerald Avenue and the city center.

Updated on June 18, 2024