3/561 Manchester Street, Saint Albans, Christchurch

Located at 3/561 Manchester Street, Saint Albans, Christchurch, this residential property is a testament to modern living with its 3 bedrooms, a floor area of 116 square meters, and a land area of 128 square meters. The property boasts a freehold ownership type, ensuring long-term security and peace of mind for the owners. Constructed in 2023, the building features mixed materials for the walls and an iron roof, both in good condition, indicating minimal maintenance requirements. The property is situated on a level contour, making it accessible and convenient for various outdoor activities.

The property has seen a significant interest in the market, with its capital value as of August 2022 standing at $830,000. Despite a recent sale on February 2, 2024, for $735,000, which is below the HouGarden AVM of $795,000, the property's value reflects its desirability and potential for growth. This discrepancy highlights the property's investment potential, as its capital value is expected to rise, mirroring the area's development and increasing demand.

The property is zoned for several high-decile schools, including Heaton Normal Intermediate (decile 9), Middleton Grange School (Years 11 - 13) (decile 9), Emmanuel Christian School (Composite Year 1-10) (decile 8), and Marian College (Secondary Year 9-15) (decile 8), among others. This proximity to reputable educational institutions not only ensures a quality education for children but also enhances the property's appeal to families, potentially increasing its value further.

Updated on April 05, 2024.