5/503 Cashel Street, Linwood, Christchurch

Nestled in a serene environment at 5/503 Cashel Street, Linwood, Christchurch, this residential unit boasts a generous floor area of 149m2. It features 3 bedrooms, 2 bathrooms, and a 3rd toilet, along with a double garage that's fully carpeted with internal access. Constructed in 2005 with roughcast walls and an iron roof, both in average condition, this unit is an ownership home on a level contour. The property has seen extensive renovations, including fresh paint, new carpet, flooring, LED lighting, Santa-Fe blinds, and new drapes. It also offers a large tiled balcony and a private, secure courtyard garden, perfect for outdoor living. Additionally, it's just minutes from the CBD and within walking distance to the new Stadium. With a CV of $570,000 as of August 2022, this unit has shown a remarkable increase of 42.5% from its 2019 CV of $400,000. The HouGarden AVM estimates the property at $552,500, while the latest sales were recorded at $172,625 in 2015 and $280,000 in 2009.

For investors or first-time home buyers, the property's location within a Unit Title offers added appeal. The government's valuation history and the property's appreciation reflect a promising investment opportunity. Moreover, the property falls within a desirable school zone, including Middleton Grange School (Decile 9), Linwood Avenue School (Decile 2), Hillview Christian School (Decile 7), and several others, making it an ideal choice for families.

With its combination of modern updates, convenient location, and strong capital value growth, this townhouse presents a rare find at this price point, especially with the added benefits of double garaging, parking, and a sought-after school network.

Updated on August 16, 2024