1/46 Rayburn Avenue, Papanui, Christchurch

Nestled on the tree-lined Rayburn Avenue within the desirable Papanui enclave, this charming bungalow with 4 bedrooms and average condition walls and roof, stands on a level contour. Constructed in 1920 with roughcast walls and an iron roof, this cross-lease property exudes a blend of classic appeal and modern comfort. The 138sqm floor area is thoughtfully renovated, offering an open-plan living space with a well-appointed kitchen, leading to a sunny deck and private courtyard. The property is equipped with two individual heat pumps and a ducted system for efficient heating and cooling. With a CV of $840,000 as of August 2022, it has shown a growth of 44.8% from its $580,000 valuation in August 2019. The latest sale was recorded at $793,000 in September 2024, up from $578,000 in September 2019, while the HouGarden AVM estimates the property at $805,000.

Educationally, the property falls within the zones of highly-rated schools such as Paparoa Street School with a decile of 10, Heaton Normal Intermediate at 9, and others. The location is not only convenient for shopping and amenities, being equidistant from Merivale and Northlands Shopping Mall, but also for the family with school-aged children.

With a spacious front yard, mature trees, and a securely fenced section with an electric gate, this property is an attractive option for both family living and investment. The owners have purchased elsewhere, creating a rare opportunity in this sought-after area.

Updated on October 16, 2024