2/288 Hereford Street, Christchurch Central, Christchurch

Nestled in the heart of Christchurch Central at 2/288 Hereford Street, this residential ownership home unit boasts 3 bedrooms, 1 bathroom, and a single carpark. Constructed in 1995 with roughcast walls and tiled roofing, the property sits on a level contour with an average wall and roof condition. It's a cross-lease title with a floor area of 100 square meters, perfect for those seeking an affordable entry into central city living. The latest sale history showcases an increase in value, from $320,000 in 2020 to $485,000 in 2024, indicating a growth percentage of 52.18%. The government's capital value has also seen a significant jump from $300,000 in 2019 to $435,000 in 2022, a rise of 45%. The HouGarden AVM estimates the property at $417,500, making it an attractive prospect for investors and first-home buyers alike.

For families with school-aged children, the property falls within the catchment of several reputable schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Hagley Community College (Decile 6), among others. This ensures a quality education is within easy reach. The property itself features a low-maintenance garden, a sheltered courtyard for entertainment, and modern amenities like a dishwasher and alarm system. Currently rented at $420 per week, this property presents a versatile opportunity in a prime location.

With its convenient proximity to the CBD, this property is not just a home but a smart investment. Offering excellent value, it's a chance not to be missed. I dare you to find better value in the market today.

Updated on October 23, 2024