3/499 Cashel Street, Linwood, Christchurch

Welcome to 3/499 Cashel Street, Linwood, Christchurch, a single-story residential unit that boasts two bedrooms, one bathroom, and a single garage space. This Summerhill Stone home, built in 1974, features a concrete wall construction and tile roof, both in good condition. The property, sitting on a level contour with a floor area of 110 square meters, is under a Cross-Lease ownership type. It's an ideal investment, currently tenanted until 3/4/24, generating $360 per week, or a perfect opportunity for first-home buyers.

The capital value of this property has seen a significant increase, from $230,000 in August 2019 to $380,000 in August 2022, marking a 65.22% growth. The HouGarden AVM estimates its value at $372,500. Historical sales data reveals a steady appreciation, with sales in September 2018 at $235,000 and in November 2006 at $165,000. This property's strategic location offers easy access to amenities, Eastgate Shopping Centre, the central city, and public transport.

Education is a priority, and this property is zoned for several schools with varying deciles, including Middleton Grange School (decile 9), Linwood Avenue School (decile 2), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Christchurch East School (decile 3), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (decile 3). A diverse range of educational options ensures a suitable learning environment for every family.