10/271 Fitzgerald Avenue, Christchurch Central, Christchurch

Welcome to 10/271 Fitzgerald Avenue, a meticulously maintained property nestled on the edge of Christchurch City. This comfortable, fully furnished apartment is a haven of convenience and ease, equipped with all the essentials. Constructed in 1979 with concrete walls and an iron roof, both in good condition, it stands as a testament to enduring quality. The apartment boasts one bedroom, one bathroom, and a single carport, all set on a level contour. The capital value has seen a remarkable increase of 36%, from $195,000 in 2019 to the current $265,000, reflecting the property's growing worth. The latest sale price of $285,000 in 2024 showcases the investment potential. The HouGarden AVM estimates the property at $255,000, making it an attractive prospect for buyers.

With a CV increase that outpaces the market, this property is not just a home but a sound financial decision. The history of sales, with the last one at $190,000 in 2018, highlights the consistent growth in value. The apartment complex is located in a prime school zone, with Middleton Grange School (Decile 9) and Marian College (Decile 8) being standouts. Other schools in the area include Hillview Christian School (Decile 7) and Mairehau High School (Decile 4), catering to a range of educational needs.

Enjoy the benefits of living in close proximity to the Christchurch City Centre, less than 2km away, where the Te Pae convention centre, Riverside Market, and the Avon riverfront await. This is an ideal opportunity for first-time buyers or investors seeking a property that offers immediate occupation and is centrally located within a highly sought-after school district.

Updated on April 10, 2024