Nestled on a level 480 sqm of land in the heart of Sydenham, Christchurch, this 1915-built property with a roughcast exterior and iron roof offers a versatile living solution. Configured as a five-bedroom home converted into two flats, it boasts a floor area of 150 sqm and comes with a freehold title, along with 2 car parks. The property has been fair in condition both in walls and roof, making it an ideal investment opportunity.
With a latest sale price of $504,000 in 2024 and a HouGarden AVM of $495,000, this property has shown a significant CV increase of 75.44% from $285,000 in 2019 to the current $500,000. This not only reflects the rising value of the property but also presents a promising investment return.
For families with children, the property falls within the catchment area of several well-regarded schools. Middleton Grange School (Decile 9) caters to Years 11-13, while Hillview Christian School (Decile 7), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), Marian College (Decile 8), Te Aratai College (Decile 3 for Year 7&8), and Waltham School (Decile 3) provide education for various age groups.
Updated on November 27, 2024