1/46 Prestons Road, Redwood, Christchurch

Nestled in the coveted Redwood area at 1/46 Prestons Road, this sunny and spacious 2-bedroom unit is a gem on a level contour. Constructed in 1970 with concrete walls and tiled roof, both in good condition, it offers an open-plan living with a well-appointed kitchen and the added luxury of a conservatory. It boasts a separate bathroom with a bath and shower, along with a separate toilet, and is compliant with Healthy Home standards. This cross-lease property with a single carpark has seen a significant increase in Capital Value (CV), rising from $340,000 in 2019 to $495,000 as of 2022, indicating a growth of 45.59%. The latest sale was recorded at $450,000 in 2024, while the HouGarden AVM estimates it at $480,000. It's an ideal choice for first-home buyers, downsizers, or investors, especially with its proximity to Redwood Primary School and being within the catchment of several high-performing schools, including Christ the King School (Decile 8) and Villa Maria College (Decile 9).

Updated on July 26, 2024