192/92a Saint Martins Road, Saint Martins, Christchurch

Nestled in the desirable Cashmere High School and St Martins School zone, this spacious townhouse at 192/92a Saint Martins Road, Saint Martins, Christchurch, boasts 3 double bedrooms and is perfect for first home buyers. Constructed in 1973 with concrete walls and tiled roofing, it features an open plan kitchen/living area with a separate lounge, and a heat pump for heating, complemented by an HRV system for year-round comfort. It sits on a level contour with a private, fenced garden and double internal access garaging. The property, with a floor area of 160sqm, is under a Cross-Lease ownership. The capital value has seen a significant increase from $400,000 in August 2019 to $650,000 in August 2022, a growth of 62.5%. The HouGarden AVM estimates the property's value at $645,000, while the latest sales were recorded at $722,000 in September 2024 and $570,000 in March 2021.

With a prime location in a quiet cul-de-sac, it's conveniently close to public transport and the St Martins Shopping Centre. The property falls under the 'Residential - Ownership home units' category and has an average wall and roof condition. It's part of a sought-after area with easy access to top-rated schools such as Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more.

For those considering a purchase, this property presents a great opportunity to enter the market in a popular and convenient location, with a promising history of capital value growth.

Updated on November 13, 2024