1/23 Withells Road, Avonhead, Christchurch

Nestled in the esteemed Avonhead/Russley locale, this 2-bedroom, 1-bathroom unit with a single carpark is a gem that's both affordable and brimming with potential. Constructed in 1977 with concrete walls and tiled roofing, the property stands firm with a good wall and roof condition. It's situated on a level contour, within a quiet cul-de-sac at 1/23 Withells Road. The cross-lease ownership adds to the appeal of this 100sqm residential unit. The latest government valuation reflects a capital value of $540,000, a significant increase of 44% from the $375,000 valuation in 2019. HouGarden AVM estimates the property at $535,000, while the latest sale history shows a transaction at $578,000 in 2024 and $327,000 in 2019, indicating a robust growth trend in the property's value.

With a prime location comes a premium school zone. The area boasts top-notch educational facilities, including Russley and Avonhead Schools, both with a decile rating of 7. Other notable institutions include Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Riccarton High School (decile 6), Middleton Grange School, and Hagley Community College. This is an ideal investment for those valuing education and convenience.

Don't miss the chance to secure this unit, perfect for first-home buyers or those seeking to downsize. It's a liveable home as it is, but with ample scope for improvements. Plus, with $15k EQC to be handed over, it's a sharp deal that promises good returns in the future.

Updated on November 06, 2024