3/444 Madras Street, Saint Albans, Christchurch

Nestled in the heart of Saint Albans, Christchurch, this charming 2-bedroom, 1-bathroom unit at 3/444 Madras Street boasts a brick exterior and an iron roof, set on a level contour. This 1960-built, cross-lease property offers a floor area of 70 square meters and includes a carpark. The capital value has seen a significant increase from $260,000 in 2019 to $385,000 in 2022, reflecting a growth rate of 48.1%. The property is equipped with a heat pump and wall heaters, and is priced to sell at $249,000.

With a HouGarden AVM of $367,500 and recent sales history of $360,000 in 2024 and $445,000 in the same year, this property presents a lucrative opportunity. It falls within the Heaton Normal Intermediate school zone, which is highly sought after. The area's schools, including Middleton Grange School (Decile 9) and Emmanuel Christian School (Decile 8), offer a quality education to the residents.

Given the property's prime location, coupled with the completed EQC works and the potential for further value addition, this unit is an ideal choice for both first home buyers and investors. Don't miss out on reaping the rewards from this fast-growing area!

Updated on October 16, 2024