59 Wakatu Avenue, Moncks Bay, Christchurch

Nestled in the picturesque Moncks Bay, 59 Wakatu Avenue presents a charming early 1900s residence on a generous 503m2 freehold section. This 4-bedroom, 133m2 floor area home boasts of roughcast walls and an iron roof, both in good condition. The property has seen a significant Capital Value increase of 78.95% from $475,000 in 2019 to $850,000 as of 2022. The latest sale history shows a transaction at $803,000 in 2021, with the HouGarden AVM estimating the property's worth at $815,000. Comfortable living is assured with features like partial double glazing, two heat pumps, and an HRV system.

For investors and families, the property's location within the catchment area of top schools such as Middleton Grange School (Decile 9) and Te Raekura Redcliffs School (Decile 10) is a significant draw. The property is also in proximity to several other well-rated educational institutions. This sunlit property, with its valley views and easy access to Barnett Park and the Coastal Pathway, is an entertainer's delight, offering flexible living spaces and a separate, un-consented studio perfect for multi-generational living or a home office.

With a strong CV growth trajectory and situated in a highly sought-after school zone, this property is not just a home but a sound investment for the future.

Updated on October 31, 2024