Nestled in the esteemed Papanui neighborhood of Christchurch, this 120sqm, 4-bedroom, freehold property on 701sqm of level land is a gem for any buyer. Constructed in 1950, the residence features roughcast walls in good condition and tile roofing that's average, exuding a charming, vintage allure. The living space is enhanced with modern comforts like a heat pump and Insulglaze double glazing, ensuring comfort throughout the year. The property has seen a significant Capital Value increase of 47%, from $490,000 in 2019 to the current $720,000 as per the latest government valuation. The HouGarden AVM estimates it at $670,000, while the latest sale history shows a progression from $371,000 in 2009 to $497,500 in 2019. This home is not just about the numbers; it's about the lifestyle it offers, being in the zone for top-rated schools like Cobham Intermediate and Papanui High School, with a decile rating as high as 10 for St Patrick's School. It's perfect for families, first-time buyers, or those seeking a work-from-home setup, with its separate office space and expansive timber decks that blend indoor and outdoor living.
With a generous fenced garden, double garaging, and an off-street park, convenience and comfort are at the forefront. The property's location is a bonus, with easy access to Northlands Mall, local shops, and public transport. Whether you're looking for a home or an investment with rental potential in the $650-$670 range, this property is a must-consider. Don't let this opportunity slip by; secure your piece of this desirable suburb today.
Updated on June 11, 2024
