3/3 Meredith Street, Addington, Christchurch

Nestled in the serene cul-de-sac of Meredith Street, this 1977-built residential unit boasts 3 bedrooms, 1 bathroom, and a single carpark. The 94sqm floor area is complemented by a well-maintained concrete exterior and an iron roof, both in good condition. This cross-lease property has seen a remarkable Capital Value (CV) increase of 55.17% from $290,000 in 2019 to $450,000 as of August 2022. The latest sale was recorded in 2019 for $302,500. Currently valued at $437,500 by HouGarden AVM, it presents an affordable entry into the property market.

With a CV growth rate that outpaces the market average, this property is not just an investment but a smart one. The addition of a heat pump, underfloor, and ceiling insulation, along with an HRV system, ensures year-round comfort. Its location, adjacent to Addington Park and a short walk to the village's amenities, adds to its allure, as does the proximity to the city center.

For families with school-aged children, the property falls within the zone of several high-performing schools. These include Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more. This combination of comfort, convenience, and quality education makes it an ideal choice for first-time homeowners.

Updated on July 25, 2024