1/8 Horner Street, Papanui, Christchurch

Nestled in a serene cul-de-sac at 4 Horner Street, Papanui, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1970 with concrete walls and tiled roof, both in good condition, this cross-lease property sits on a level contour. The capital value has seen a rapid increase from $310,000 in August 2019 to $450,000 in August 2022, reflecting a growth of 45.16%. The latest sale was recorded at $438,000 in June 2021, with a HouGarden AVM estimate of $417,500.

With a floor area of 74 square meters, this freestanding unit is not just affordable but also low-maintenance, making it an ideal investment for first-home buyers, retirees, or downsizers. Its location is a prime draw, being close to Northlands Mall, shops, eateries, and public transport. The property features a sunny open-plan living area, a galley kitchen, two well-sized bedrooms with built-ins, a separate laundry, and a well-equipped bathroom. Outside, a fully fenced yard and a sun-drenched deck provide a perfect setting for outdoor relaxation and socializing.

For families with school-aged children, the property falls within the zones of highly regarded Paparoa Street School, Heaton Normal Intermediate, and Papanui High School, ensuring access to quality education. The area is rich with educational institutions, including Christ the King School, St Patrick's School, and Villa Maria College, all with impressive decile ratings.

Updated on June 19, 2024