2/630 Hereford Street, Linwood, Christchurch

This delightful 2-bedroom unit located at 2/630 Hereford Street, Linwood, Christchurch, offers an excellent investment opportunity or a chance for first-time buyers to enter the property market. Built in 1988, the property features brick walls in good condition and an iron roof also in good condition, ensuring durability and low maintenance. The unit, part of a residential ownership home units category, spans a floor area of 70 square meters, with two bedrooms, one bathroom, and one carpark, making it ideal for comfortable living. The property is on a level contour and comes with a Cross-Lease title, providing a sense of security and stability for the owners.

Over the years, the capital value of this property has seen a significant increase, from $200,000 in August 2019 to $335,000 in August 2022, marking a 67.5% growth. This trend is further supported by a recent sale in January 2024, where the property was sold for $380,000, indicating a strong market demand. The HouGarden AVM estimates the property's value at $325,000, making the current asking price of 'Negotiable Over $349,000' a potential bargain for the right buyer. The property's appeal is enhanced by its energy-efficient features, such as double-glazed windows, and its private positioning at the rear of the complex, complete with a single garage and off-street parking.

Education is a priority for many families, and this property does not disappoint, being zoned for several schools including Te Aratai College (decile 3), Linwood Avenue School (decile 2), Whitau School, and Marian College (decile 8). These educational institutions range from contributing to composite and secondary schools, offering a variety of options for families with children of different ages.

Updated on April 06, 2024.