4/277 Main South Road, Hornby, Christchurch

Nestled in a serene cul-de-sac at 4/277 Main South Road, Hornby, Christchurch, this residential ownership home unit boasts a capital value of $390,000 as of August 2022, showcasing a CV increase of 52.94% from its previous valuation of $255,000 in August 2019. Constructed in 1960 with iron roofing and wooden walls in average condition, this 110sqm, 2-bedroom unit with a single carpark on a level contour, is a perfect starter or investment opportunity. The unit features an upgraded kitchen and bathroom, generous living space, internal access single garage with ample storage, a separate laundry, and a secure backyard. It's currently tenanted by fabulous tenants who are keen to stay, compliant with healthy homes standards, and managed by a diligent property manager.

With a HouGarden AVM of $382,500 and recent sales history of $420,000 in July 2024 and $300,000 in December 2019, this property presents a sound investment. The cross-lease ownership adds to the value proposition, offering a budget-friendly option in a desirable location.

For families, the property falls within the catchment of several well-regarded schools, including Villa Maria College (decile 9), Hornby High School Years 7-8 (decile 3), St Thomas of Canterbury College (decile 8), South Hornby School (decile 4), Middleton Grange School (Years 11-13, decile 9), Aidanfield Christian School (decile 8), Christchurch Adventist School (decile 5), and Hagley Community College (decile 6), ensuring access to quality education.

Updated on August 28, 2024