1/11 Fernbrook Place, Mairehau, Christchurch

Located at 1/11 Fernbrook Place, Mairehau, Christchurch, this residential property is a testament to durability and low-maintenance living. Constructed in 1982, the home spans 90sq/m and features two double bedrooms, a spacious lounge with separate dining and kitchen areas, and a functional bathroom equipped with a bath. The property is built with concrete walls and tiled roofing, both in good condition, and sits on a level contour. It offers a single lock-up garage and compact grounds that are easy to maintain, perfect for gardening enthusiasts. This cross-lease property is part of a quiet cul-de-sac, facing the serene Fernbrook Reserve, and is conveniently located near shopping centers, public transport, and schools.

The property has seen a significant increase in capital value, from $310,000 in August 2019 to $440,000 in August 2022, marking a 41.94% growth. The latest HouGarden AVM estimates its value at $432,500. It last sold for $116,400 in February 1999, highlighting its steady appreciation over the years. This growth trajectory underscores the property's investment potential and appeal to a range of buyers.

School zoning is a key feature, with access to a variety of educational institutions including Middleton Grange School (decile 9), Emmanuel Christian School (decile 8), Christchurch Adventist School (decile 5), Mairehau High School (decile 4), Mairehau School (decile 6), Hagley Community College (decile 6), and Marian College (decile 8). These options provide excellent educational opportunities for families with children of all ages.

Updated on April 02, 2024.