648 Gloucester Street, Linwood, Christchurch

Nestled in the heart of Linwood, Christchurch, this charming freehold property at 648 Gloucester Street boasts a generous floor area of 98 square meters, spread across three bedrooms, one bathroom, and a single carpark. Constructed in 1920 with wood walls and an iron roof, both in average condition, this dwelling sits on a level 500m2 section, ideal for a growing family. The property has seen a significant Capital Value increase of 50% over the past three years, reflecting its growing worth from $340,000 to the current $510,000. The latest sale price of $530,000 in 2024 showcases the investment potential, with a HouGarden AVM estimate of $515,000.

With a history of steady value appreciation, this home offers more than just monetary value. It is set for entertaining, featuring multiple outdoor spaces, a private garden, and a newly added timber deck that connects to a versatile studio space. Inside, the original lead light windows and a newly renovated kitchen with an open plan living area create a warm, inviting atmosphere. The dining area, complete with a built-in booth and bay windows, stands out as a unique feature. A brand new DVS system and a large heat pump ensure comfort throughout the year.

For families with school-aged children, the property falls within the decile 9 Middleton Grange School zone, along with several other well-rated schools such as Hillview Christian School and Marian College. This combination of prime location, valuable amenities, and a rich history of appreciation makes this property a must-see for potential investors or families seeking a comfortable and centrally located home.

Updated on September 18, 2024