2/493 Barbadoes Street, Edgeware, Christchurch

Nestled in the serene Edgeware, Christchurch, this 2-bedroom, 1-bathroom unit with a single carpark, presents an exciting opportunity. Constructed in 1968 with concrete walls and an iron roof, both in good condition, this cross-lease property sits on a level contour. The capital value has seen a significant increase from $290,000 in 2019 to $425,000 in 2022, a growth of 46.55%. The property, located at 1/493 Barbadoes Street, is close to the city center and Hagley Park, with a HouGarden AVM of $427,500 and a latest sale history of $185,000 in 2006 and $125,000 in 2003.

With a heat pump centrally positioned for efficient heating, the units are freshly refurbished, featuring a seamless flow from living to dining and kitchen, opening to both the front and back. The kitchens are light-filled and lead to private gardens. Each unit has two double bedrooms with built-in wardrobes and a bathroom with a full-size bath and shower. This property falls within the catchment area of several schools, including Middleton Grange School (Decile 9) and Marian College (Decile 8), adding to its appeal.

Whether you're looking to invest or reside in a prime location, this property offers potential for development and an entrepreneurial opportunity to live in one unit and rent out the other. Don't miss the chance to answer the door to this knocking opportunity.

Updated on September 12, 2024