1/13 Johnson Street, Sydenham, Christchurch

Nestled in the heart of Sydenham, Christchurch, this 2-bedroom, 1-bathroom home with a single carpark presents an attractive opportunity on a quiet cul-de-sac. Constructed in 1980 with fibrous cement walls and an iron roof, both in good condition, this cross-lease property is set on a level contour and offers a floor area of 70 square meters. The current government valuation (CV) stands at $405,000, showcasing a 35% increase since 2019, highlighting the rapid capital value growth. This well-maintained home features modern amenities such as a heat pump and double glazing, ensuring year-round comfort.

With a HouGarden AVM of $387,500 and a latest sale history of $123,000 in 2003, this property holds significant investment potential. The location is further enhanced by its proximity to a range of schools, including Middleton Grange School (Decile 9) and Cashmere High School (Decile 9), making it an ideal choice for families.

Set in a highly sought-after school zone, this property is within the catchment area of several reputable schools, such as Christchurch South Karamata Intermediate (Decile 8) and Addington School (Decile 3), among others. The combination of a super-convenient location, a well-maintained property, and a promising CV increase trend makes this home an attractive prospect for investors, professionals, and first-home buyers alike.

Updated on April 29, 2024