5/221 Armagh Street, Christchurch Central, Christchurch

Nestled at 5/221 Armagh Street within Christchurch Central, this delightful 1-bedroom, 1-bathroom residential unit is a gem on a Freehold lot. Constructed in 2020 with a mix of materials for the walls and iron for the roof, this level property boasts a floor area of 56sqm and a land area of 67sqm. The CV has seen a notable increase from $400,000 in 2019 to $450,000 in 2022, reflecting a 12.5% growth. The property is well-maintained with good wall and roof conditions, offering a modern kitchen, a spacious bedroom, and a combined living and dining area that opens up to a private courtyard, ideal for relaxation or entertainment.

With a HouGarden AVM of $442,500 and a latest sale record of $415,000 in 2018, this property presents a sound investment opportunity. The CV growth and the potential rental return make it an attractive prospect for investors. The location is further enhanced by its proximity to a range of schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Hagley Community College (Decile 6), among others, making it an ideal choice for families.

Centrally located, the property is surrounded by amenities and enjoys easy access to public transport and entertainment. While it doesn't offer a carpark, street parking is readily available. This property is not just a home but a smart investment in a sought-after area of Christchurch Central.

Updated on August 28, 2024