2 College Place, Lyttelton, Christchurch

Nestled in the serene College Place of Lyttelton, Christchurch, this 2-bedroom, 1-bathroom townhouse with a single carport is a gem in the residential market. Constructed in 1976 with a mix of materials for the walls and iron for the roof, it sits on a level contour with a well-maintained exterior. The property, with a floor area of 70 square meters, is under a Cross-Lease ownership. The capital value has seen a significant increase from $375,000 in August 2019 to $580,000 in August 2022, reflecting a growth of 54.67%. The HouGarden AVM estimates the property at $572,500, while the latest sales were recorded at $585,000 in 2024 and $385,000 in 2018.

As for the government valuations, the property has shown a strong upward trend. The recent capital value surge is a testament to the area's desirability. This is further supported by the property's prime location, being in close proximity to a range of amenities and schools, including the high-decile Middleton Grange School and Lyttelton Primary School.

For families with school-aged children, the property falls within a highly sought-after school zone. The nearby schools, such as Hillview Christian School, Marian College, and Te Aratai College, offer diverse educational options and are rated highly in terms of decile scores. This combination of location, capital growth potential, and educational opportunities makes this townhouse an attractive prospect for both investors and families.

Updated on November 07, 2024