1/18 Sawtell Place, Northcote, Christchurch

Nestled in the serene cul-de-sac of Sawtell Place, this 1978-built, 2-bedroom, 1-bathroom residential unit with a single carpark offers a tiles roof and concrete walls in a good condition. The property, with a floor area of 100sqm, is on a cross-lease title and has seen a significant Capital Value (CV) increase from $340,000 in 2019 to $495,000 in 2022, marking a growth of 46%. The living space enjoys a sun-soaked orientation and flows out to a private, fully fenced yard, making it an ideal starter home or investment opportunity.

With a HouGarden AVM of $490,000 and a latest sale history of $261,000 in 2007, this property presents a sound investment. The CV growth and potential for further value addition make it an attractive proposition for both first home buyers and investors. Notably, the property is within walking distance to esteemed educational institutions like St Joseph's School and Marian College.

For families with school-age children, the property falls within the zones of several high-performing schools, including Christ the King School with a decile rating of 8, and Villa Maria College and Middleton Grange School, both with a decile rating of 9. This combination of location, property condition, and educational opportunities makes it a must-consider for those seeking a foothold in the property market.

Updated on November 22, 2024