4/7 Andover Street, Merivale, Christchurch

This delightful two-bedroom townhouse located at 4/7 Andover Street, Merivale, Christchurch, offers a unique blend of charm and potential. Constructed in 1970, the property features concrete walls and an iron roof, both in average condition, and spans a floor area of 63 square meters on a level cross-lease section. The interior boasts two bedrooms, one bathroom, and a single carpark, making it an ideal city base, investment, or permanent residence. The property's north-facing aspect and private, low-maintenance courtyard provide a perfect setting for al fresco entertaining and relaxation, with potential to further enhance and add value.

Over the years, the property has seen significant capital value growth, from $405,000 in August 2019 to $700,000 in August 2022, marking a 72.84% increase. The latest sale on January 17, 2024, was at $650,000, slightly below the HouGarden AVM of $670,000 but still reflecting the property's substantial value appreciation. This growth trajectory underscores the property's investment appeal and potential for future value addition.

Education is a key highlight, with the property situated in the zones for some of Christchurch's most sought-after schools, including Christchurch Boys' High School and Christchurch Girls' High School, both with a decile rating of 10. Other notable schools in the vicinity include Burnside High School, Heaton Normal Intermediate, and Elmwood Normal School, making it an ideal location for families prioritizing educational opportunities.

Updated on April 06, 2024.