164 Springfield Road, Saint Albans, Christchurch

Nestled in the heart of Saint Albans, Christchurch, this charming freehold property at 164 Springfield Road boasts a generous floor area of 95sqm, spread across three bedrooms, one bathroom, and a single carpark. Constructed in 1950 with wood walls and tiled roofing, both in good condition, this levelled property is a perfect blend of classic charm and modern comfort. The capital value has seen a remarkable increase of 61.9% from $420,000 in 2019 to $680,000 in 2022, reflecting a sound investment opportunity. The HouGarden AVM estimates the property at $660,000, with the latest sale recorded at $710,000 in 2024, a testament to its growing value.

With a heat pump, logburner compliance until 2032, and excellent insulation, the residence is both cozy and energy-efficient. The property falls within the highly sought-after school zones of St Albans School, Heaton Intermediate, and both Christchurch Boys' and Girls' High Schools, ensuring top-notch education for the family. The Burnside High School, decile 8, is also in close proximity. The location is not only central but convenient, with Edgeware Village and Merivale Mall nearby, and a short 4-minute drive to the CBD.

Boasting a rental assessment of $630-680 per week, this property is a gem for investors or for those looking to secure a home in a prime school zone. The beautiful modern kitchen with gas cooking, the spacious bedrooms, the bonus studio, and the fully fenced section with a patio for outdoor living make this property a must-see. Move-in ready, it's an opportunity not to be missed.

Updated on July 26, 2024