2/43 Blair Avenue, Papanui, Christchurch

Nestled in the highly sought-after suburb of Papanui, Christchurch, this 2-bedroom, 1-bathroom residential unit with a single carpark presents an attractive opportunity. Constructed in 1973 with iron roofing and concrete walls in good condition, the property sits on a level contour. It boasts a floor area of 90 square meters and is under a Cross-Lease ownership. The capital value has seen a significant increase of 30.43% from $345,000 in 2019 to $450,000 in 2022. The property is valued at $450,000 by HouGarden AVM, with the latest sales recorded at $468,000 in 2024 and $465,000 in 2022.

With a prime location, the property is zoned for top-rated schools such as Christ the King School and St Patrick's School, both with a decile rating of 8 and 10 respectively. Other schools in the area include Waimairi Primary, Heaton Intermediate, and Villa Maria College, all with decile ratings of 9. The property is equipped with a heat pump for the winter months and features a private, low-maintenance garden at the rear.

Whether you're a first-time buyer, investor, or looking to downsize, this property offers a chance to secure a home in a conveniently located and desirable school zone.

Updated on September 04, 2024