18 Rosewarne Street, Spreydon, Christchurch

Nestled in the heart of Spreydon, at 18 Rosewarne Street, Christchurch, this charming villa on a cross-lease title boasts a capital value increase of 41.43% since 2019. Constructed in 1900 with wood walls and an iron roof, this 3-bedroom, 1-bathroom home with a single carpark, offers a floor area of 109 square meters. The property, though in need of some TLC for the roof and walls, presents a level contour and a private veranda perfect for all-day sun enjoyment. The interior features high ceilings, leadlight windows, and wooden panelling, complemented by modern amenities such as a Panasonic inverter heat pump and a 4-burner gas hob. The latest sale history shows a transaction in 2024 at $390,000, following $300,000 in 2015, with the HouGarden AVM valuing the property at $490,000.

For families with school-aged children, the property falls within the zone of several high-performing schools, including Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Middleton Grange School (Decile 9). This, coupled with its proximity to shops, cafes, parks, and transport, makes it an ideal investment for both first home buyers and investors.

With the vendors now committed to a new position in the North Island, this property is set to go under the hammer unless sold prior to the auction date, with immediate possession available thereafter. The vendors have ensured transparency by providing a detailed Builders report, Electrical check, LIM, and Title. With EQC repairs complete, this property is ready for its new owners to enjoy the benefits of a well-established neighborhood.

Updated on November 27, 2024