2/56 Aylesford Street, Mairehau, Christchurch

Located at 2/56 Aylesford Street, Mairehau, Christchurch, this residential property presents a unique opportunity for investors and first-time homeowners alike. Constructed in 1970, the unit is part of a cross-lease title and spans a floor area of 64m². It features two double bedrooms, one bathroom, and a single car park. The building, made of concrete with a tile roof, is in good condition, boasting a level property contour. This property is described as a robustly constructed unit, sharing the section with just one other property, and includes sunny open-plan living spaces, a functional kitchen, and bathroom spaces. The private, sun-soaked grounds offer two well-defined outdoor entertaining areas, and the convenience of a single lock-up garage enhances its appeal.

The capital value of the property has seen a significant increase, from $295,000 in August 2019 to $375,000 in August 2022, marking a 27.12% growth. The latest sale records show a transaction at $390,000 in January 2024, following a previous sale at $305,000 in March 2020. The HouGarden AVM estimates the property's value at $357,500.

The property is zoned for several reputable schools, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Emmanuel Christian School (Composite Year 1-10) with a decile of 8, and Mairehau High School (Secondary Year 9-15) with a decile of 4, among others. This makes it an attractive option for families prioritizing education.

Updated on April 06, 2024.