5/233 Hereford Street, Christchurch Central, Christchurch

Located at 5/233 Hereford Street, Christchurch Central, this residential apartment is a prime example of modern living in the heart of the city. Built in 2018, the property boasts a single bedroom, one bathroom, and covers a floor area of 51 square meters with a land area of 73 square meters. It features mixed materials for wall construction and an iron roof, both in good condition, reflecting the property's recent build and well-maintained status. The apartment is situated on a level contour and comes with a freehold ownership type, making it an attractive option for those seeking a straightforward property investment.

Over the past few years, the capital value of this property has seen a notable increase, from $395,000 in August 2018 to $435,000 in August 2022, marking a growth of approximately 10.13%. The latest sale recorded was on January 23, 2024, for $407,500, slightly below the HouGarden AVM of $427,500. This trend indicates a steady appreciation in the property's market value, making it a solid investment choice.

The property is zoned for several reputable schools, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Hillview Christian School and Marian College both with a decile rating of 8, and Hagley Community College with a decile of 6. This wide range of educational institutions, catering to various levels and offering diverse decile ratings, ensures that families have access to quality education options, further enhancing the appeal of this centrally located apartment.