23 Aylmer Street, Somerfield, Christchurch

Nestled at 23 Aylmer Street, Somerfield, Christchurch, this freehold property built in 1966 offers a prime opportunity in a sought-after location. The residence boasts 3 bedrooms, 1 carpark, and a spacious floor area of 140 square meters on a levelled 501 square meter section. It features concrete walls and an iron roof, both in poor condition, and is north-facing with a sunny garden. The capital value has seen a remarkable increase of 50.5% from $465,000 in 2019 to $700,000 as of August 2022. The latest sale was recorded at $628,000 in March 2024, showing a steady growth trend. The HouGarden AVM estimates the property at $670,000, making it an attractive prospect for investors and homeowners alike.

With a government valuation on the rise and a history of successful renting, this property presents a versatile investment. It's located in a desirable school zone, with Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Middleton Grange School (Decile 9) among the notable institutions in the area. The property's potential is undeniable, and with the vendor's motivated stance, it's a deal not to be missed.

For families with school-aged children, the quality education provided by these schools is a significant draw. The property's convenient access to a variety of educational institutions ensures a bright future for the young ones. Whether you're looking for a family home or a sound investment, this property in a quiet cul-de-sac is worth serious consideration.

Updated on April 17, 2024