Nestled at 225 Main North Road, Redwood, Christchurch, this meticulously renovated 4-bedroom, 2-bathroom home with 1 carpark offers a perfect blend of modern amenities and traditional charm. Constructed in the 1950s with wood walls and tiled roof, it stands on a level contour with an average wall and roof condition. The cross-lease property has a generous floor area of 190sqm and is valued at $700,000 according to the latest government valuation. The HouGarden AVM estimates it at $680,000, making it a lucrative investment given the increasing capital value. The upgrades include a cozy log burner, two heat pumps, LED lighting, and a new kitchen with a gas cooktop, to name a few.
With a rich history of government valuations and recent sale records, this property has shown a significant growth in capital value. The recent trends indicate a promising investment with a comfortable increase in the CV percentage, reflecting the property's true worth.
For families, the property is zoned for top-rated schools such as St Bedes, Marian, and Papanui High Schools. Conveniently located near parks, shops, transport, and the new Pak n Save, it offers an ideal lifestyle in a sought-after location.
Updated on July 25, 2024