50 Conway Street, Somerfield, Christchurch

Nestled in the serene cul-de-sac of 50 Conway Street, this Somerfield, Christchurch residence boasts a freehold title on a level plot. Constructed in 1934 with concrete walls and an iron roof, both in good condition, the property offers 3 bedrooms, a floor area of 103sqm, and a land area of 620sqm, complete with 2 car parks. The capital value has seen a 50% increase from $380,000 in 2019 to the current $570,000, echoed by a HouGarden AVM of $552,500. Notably, the property's recent sale history includes transactions of $350,000 in 2015 and $320,000 in 2014.

For investors and families alike, the property presents a versatile layout, currently generating multiple income streams, easily convertible back to a single-family home. The location is zoned for Cashmere High School, decile 9, and is in close proximity to several other well-rated educational institutions, ensuring a sound investment with strong future value. The large backyard and double garage provide ample space for family living in this sought-after suburb, with convenient access to the city center and the Port Hills.

With a school network that includes Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, and more, all within a decile range of 5 to 10, this property is not just a home but a smart educational investment. The TC2 land zoning adds further confidence to the purchase, making this an opportunity not to be missed.

Updated on August 22, 2024