18 Harris Crescent, Papanui, Christchurch

Nestled on a level plot at 18 Harris Crescent, Papanui, Christchurch, this 1950-built, freehold property boasts a charming 3-bedroom, 1-bathroom layout with a single carpark. The 99sqm floor area is complemented by a 678sqm land area, featuring wood exterior walls and tiled roofing in average condition. The capital value has seen a remarkable increase of 65.71% from $350,000 in 2019 to $580,000 as of 2022. The HouGarden AVM estimates the property at $552,500, while the latest sales were recorded at $121,000 in 2017 and $200,000 in 2007. The property is situated in a prime school zone, with Cobham Intermediate, Christ the King School, and St Patrick's School all rating highly on the decile scale.

With a CV growth rate that outpaces the market average, this property presents a sound investment opportunity. The current lease at $17,710 incl GST per annum allows for ownership at a fraction of the cost, with the option to secure the property with cash or equity financing. The open-plan kitchen leads to a northwest-facing deck, perfect for summer BBQs, while the spacious backyard invites green-thumb enthusiasts to craft their own garden oasis. The recently upgraded bathroom and separate toilet add convenience to the already appealing package.

Located in the desirable suburb of Papanui, the property is close to local amenities, Northlands Mall, and Bishopdale village. It falls within the catchment area of top-rated schools, including Villa Maria College and Waimairi School, ensuring a quality education for the family. This property is a gem waiting to be snapped up, offering both a comfortable living environment and excellent investment potential.

Updated on October 25, 2024