Nestled in the serene cul-de-sac of Garreg Road, this 1972-built residential unit offers a perfect blend of modern comfort and convenient living. With 2 bedrooms, a single carpark, and a floor area of 107 square meters, this cross-lease property is defined by its concrete walls and tiled roof. The property has seen a remarkable Capital Value (CV) increase of 62.32% from $345,000 in 2019 to $560,000 as of 2022. The latest sale price of $667,500 in 2023 showcases a thriving property market in this sought-after location.
Estimated by HouGarden AVM at $520,000, this property's value is further enhanced by its proximity to top-rated schools. Zoned for decile 8 Burnside High School, Cobham Intermediate, and Christ the King School, as well as decile 10 St Patrick's School and Fendalton Open Air School, education is a cornerstone of this community. Other notable schools in the area include Villa Maria College, Christchurch Boys' and Girls' High Schools, and St Thomas of Canterbury College.
Enjoy the benefits of a heat pump, full double glazing, and a north-facing aspect that bathes the home in warmth and sunlight. The private deck and fully fenced garden provide an idyllic setting for relaxation. With such a robust CV growth and within an excellent school network, this property presents an opportunity not to be missed.
Updated on July 15, 2024