42 King Street, Sydenham, Christchurch

Located at 42 King Street, Sydenham, Christchurch, this Residential - Rental flats (purpose built) property stands on a freehold land of 1012 square meters with a substantial floor area of 420 square meters. Built in 1970, the building boasts concrete walls in good condition and a durable tile roof, also in good condition. The property is perfectly level, making it accessible and easy to manage. It includes ample parking space with 5 carparks, catering to both residents and visitors.

The property has seen a significant increase in capital value, from $1,140,000 in August 2019 to $1,500,000 in August 2022, marking a 31.58% growth. This growth is supported by a HouGarden AVM estimate of $1,475,000. The latest sale on August 14, 2023, confirmed the property's value at $1,500,000, a substantial increase from its previous sale price of $651,500 on February 11, 2005.

Education is a key feature of this property, being zoned for several high-decile schools. Villa Maria College, St Thomas of Canterbury College, Middleton Grange School (Years 11 - 13), and Cashmere High School all offer secondary education with a decile rating of 9 or 8, indicating high-quality education. For younger students, Waltham School provides full primary education with a decile rating of 3. Other nearby educational institutions include Hillview Christian School, Christchurch Adventist School, and Hagley Community College, offering a range of options for families.