7/57 Bordesley Street, Phillipstown, Christchurch

This charming two-bedroom unit located at 7/57 Bordesley Street, Phillipstown, Christchurch, offers a unique blend of comfort and convenience. Built in 1976, the property features concrete walls in good condition and an iron roof also in good condition, ensuring durability and low maintenance. The unit spans a floor area of 50 square meters, with a cross-lease ownership type, making it an ideal choice for those seeking a compact and manageable living space. Despite having no designated car parks, the property compensates with its efficient use of space and strategic location.

Over the years, the property has seen a significant increase in its capital value, growing from $200,000 in August 2019 to $335,000 in August 2022, marking a 67.5% increase. This growth is a testament to the property's value appreciation and the potential for future gains. The latest sale records show transactions at $325,000 in April 2023 and $330,000 in February 2024, closely aligning with the current HouGarden AVM estimate of $330,000. This consistency in valuation underscores the property's stable market position and makes it an attractive proposition for negotiators, with the asking price being over $329,000.

The property is situated within a desirable school zone, offering access to a range of educational institutions including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Te Waka Unua School (decile 2), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (Year 7&8) with a decile rating of 3. This diverse selection of schools provides ample educational opportunities for families with children of different ages and educational needs.

Updated on March 22, 2024.