4/74 Saint James Avenue, Papanui, Christchurch

Nestled in the esteemed Saint James Avenue of Papanui, Christchurch, this 1974-built residential unit boasts a cross-lease title. The 70 square meter floor area is cleverly divided into 2 bedrooms, 1 bathroom, and a single car park. The exterior features concrete walls in good condition and an iron roof, both well-maintained. This property has seen a significant Capital Value (CV) increase of 60%, from $275,000 in 2019 to the current $440,000. The HouGarden AVM estimates a value of $432,500, while the latest sale was in 2013 for $200,000.

With a CV growth that outpaces the market average, this property is not just a home but a sound investment. It is located in a prime school zone, with Cobham Intermediate, Christ the King School, and St Patrick's School all rating highly on the decile scale. The area is served by a variety of schools catering to different education levels, ensuring a quality education for children of all ages.

Enjoy the convenience of living in a quiet cul-de-sac, with easy access to Northlink Shopping Centre, Mitre 10, and a wealth of eateries and cafes. The Northlands Mall and public transport are mere steps away, while the city center and airport are a short 12-minute drive. Perfect for individuals, downsizers, or young couples, this home offers privacy and the opportunity to be part of a thriving community.

Updated on August 22, 2024