7/301 Hereford Street, Christchurch Central, Christchurch

Nestled in the heart of the city, this charming 2-bedroom townhouse with a single internal access garage presents a lucrative opportunity for investors and owner-occupiers alike. Constructed in 1998 with roughcast walls and an iron roof, both in good condition, the property sits on a level contour, exuding privacy and security in the quiet cul-de-sac. The 100sqm floor area is complemented by a sunny courtyard, offering spacious and flexible living options. With a Cross-Lease ownership, this property has seen a significant Capital Value (CV) increase of 46%, from $285,000 in 2019 to the current $415,000. The HouGarden AVM estimates a value of $412,500, while the latest sales were recorded at $350,000 in 2023 and $210,000 in 2021. This indicates a promising investment growth potential.

Educationally, the property falls within a desirable school zone. Middleton Grange School, catering to Years 11-13, boasts a decile rating of 9. Other notable schools include Hillview Christian School (decile 7), Hagley Community College (decile 6), Marian College (decile 8), and Christchurch East School (decile 3). These institutions provide a range of educational options for families.

With no body corporate fees and an asking price that offers affordability and value, this property is an unmissable chance to enter the property market. The townhouse's convenient layout, with the ground floor housing the garage and laundry, the middle floor featuring the kitchen and living areas, and the top floor with two generous bedrooms and a modern bathroom, ensures comfortable living in a prime location.

Updated on November 13, 2024