Nestled in the serene Saint Albans, Christchurch, at 2/419 Madras Street, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1996 with concrete walls and an iron roof, both in good condition, this property sits on a level contour. The capital value has seen a rapid increase from $335,000 in August 2019 to $490,000 in August 2022, reflecting a growth of 46.27%. The property, under a Cross-Lease ownership, is valued at $455,000 according to HouGarden AVM. Notably, it was sold for $585,000 in May 2024 and $345,000 in November 2019.
With a floor area of 100 square meters, this home features an open plan kitchen, dining, and lounge that leads to a north-facing garden and entertainment area. Upstairs, the two well-sized bedrooms include a master with a large wardrobe and a northerly aspect, alongside a bathroom with an additional toilet. The recent earthquake repairs, complete with a repaint inside and out, new floor coverings, and LED lighting upgrades, make this property a solid and sunny choice at an affordable price.
For families with school-aged children, the property falls within the decile 9 Heaton Normal Intermediate and Middleton Grange School zones, as well as the decile 8 Emmanuel Christian School, among others. This home truly offers a combination of comfort, convenience, and quality education.
Updated on May 29, 2024
