19/105 Purchas Street, Edgeware, Christchurch

Nestled in the serene Edgeware, at 19/105 Purchas Street, lies this exquisite 1-bedroom, 1-bathroom residential unit. Built in 2021 with a floor area of 51sqm and set on a level 77sqm freehold section, the property boasts mixed-material walls and an iron roof, both in good condition. This unit is not just a home; it's an exemplar of modern living, with double the required ceiling insulation and 40% more wall insulation than the building code demands. The capital value has seen a remarkable increase of 63.93% from $305,000 in 2019 to $500,000 in 2022, echoing the rapid appreciation of this prime property. The HouGarden AVM estimates it at $465,000, making it an attractive investment.

With a history of solid growth, the property's value has been on an upward trajectory. The recent sale history and the government's CV reflect the high demand for such well-appointed units in this sought-after location. The property's prime location is further enhanced by its proximity to a range of schools, including Middleton Grange School (Decile 9) and Emmanuel Christian School (Decile 8), ensuring access to quality education for all ages.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools, including Shirley Intermediate (Decile 4), Banks Avenue School (Decile 4), Mairehau High School (Decile 4), Hagley Community College (Decile 6), and Marian College (Decile 8). This not only adds to the property's allure but also guarantees a sound investment in education and future prospects.

Updated on June 14, 2024