1/22 Esplanade, Sumner, Christchurch City

Nestled at 1/22 Esplanade, Sumner, Christchurch, this stunning two-bedroom apartment boasts a prime location, a stone's throw from the beach, cafes, and restaurants. Constructed in 2007 with roughcast walls and a concrete roof, it exudes a sense of solidity and modernity. The 150sqm floor area is complemented by a private courtyard, two car parks, and a storage shed. It's a unit title property with a capital value that has seen a 50% increase since 2019, currently valued at $1,365,000. Notably, the property includes whiteware such as a fridge/freezer and washing machine. Please be aware that the swimming pool is currently under repair.

Government valuations show an impressive growth history, with the latest CV reflecting a $1,352,500 estimate by HouGarden AVM. The latest sale history is also noteworthy, with a sale in 2024 for $975,000, and another in 2019 for $500,000. This indicates a rapid capital value appreciation, making it a sound investment.

For families, the property falls within the catchment area of highly regarded schools. Sumner School, a full primary, is rated 10 out of 10 in the decile system. Middleton Grange School and Marian College are both composite schools with high decile ratings of 9 and 8 respectively, while Hillview Christian School, Christchurch Adventist School, and Hagley Community College also offer quality education.

Updated on November 07, 2024