243 Marine Parade, New Brighton, Christchurch

Nestled on a prime location of Marine Parade, this 1915-built, freehold property boasts 2 bedrooms, 2 bathrooms, and 4 carparks, with a substantial floor area of 180sqm on a levelled 696sqm land. Constructed with wood walls and an iron roof, both in average condition, this residential rental converted to flats is a golden opportunity. The capital value has seen a rapid increase of 49.47% from $475,000 in 2019 to $710,000 as of 2022. The HouGarden AVM estimates it at $660,000, with the latest sale recorded at $660,000 in 2024 and $385,000 in 2015.

With a number of key announcements by the City Council, including the New Brighton Master Plan and the relocation of Shirley Boys' and Avonside Girls' High Schools to QE2 Park, this property is in a zone with a promising future. It's also within the decile 9 Middleton Grange School and other reputable educational institutions, making it an ideal investment for families.

Don't miss the chance to secure this property in a sought-after school zone, with a rental income of $500 per week and potential for further growth. This is a wise investment that will only appreciate over time.

Updated on May 22, 2024