1/65 Kensington Avenue, Mairehau, Christchurch

Nestled in the serene cul-de-sac of 1/65 Kensington Avenue, Mairehau, Christchurch, this charming 1960's residential unit boasts a cross-lease title. The 80 square meter floor area is complemented by a well-maintained concrete exterior and a sturdy iron roof. Inside, the cozy two-bedroom, one-bathroom layout is warmed by a reliable heat pump, ensuring comfort throughout the year. The property's CV has seen a remarkable increase from $270,000 in 2019 to $415,000 in 2022, reflecting a growth rate of 53.7%. This is further supported by the HouGarden AVM of $377,500, indicating a sound investment opportunity.

Recent sale history shows the property's potential, with a sale price of $235,000 in 2013 and $185,000 in 2008. The property is strategically located within a highly regarded school zone, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Mairehau High School (Decile 4), among others. This makes it an ideal choice for families with educational priorities.

With a brand new roof and the possibility of cosmetic enhancements, this property is perfect for first-home buyers, investors, or those seeking a project to add personal touches. The convenient location, just a 10-minute drive from the CBD and 5 minutes from The Palms mall, adds to the appeal. Don't miss the chance to secure this property with immense potential, and consider moving in before Christmas!

Updated on December 16, 2024