132 Wordsworth Street, Sydenham, Christchurch

Nestled in the coveted Sydenham area is this attractive standalone warehouse, a gem on a freehold title, avoiding the complexities of body corporate. It boasts a concrete tilt-slab construction, reinforced to a standard close to 100% of the NBS by RD Sullivan & Associates. The 255m2 floor area includes a sunny northerly facing office/showroom of 47m2, amenities of 18m2, a spacious warehouse of 192m2, and an additional 26m2 mezzanine storage. The property sits on a 371m2 industrial zoned land with a front yard providing 3 car parks. The capital value has seen a rapid increase of 29.9% from $485,000 in 2019 to $630,000 in 2022. The HouGarden AVM estimates it at $602,500, while the latest sale was in 2006 for $295,000. This is not just a warehouse; it's an opportunity to occupy or invest in a prime location.

With a CV growth that outpaces the market, this property is a sound investment. The recent CV of $630,000 reflects a significant jump from its previous valuation, indicating strong market confidence in the area. The property's AVM from HouGarden is a testament to its吸引力, valuing it at $602,500. The last sale in 2006 was for $295,000, showcasing the property's long-term value appreciation.

For families, the property falls within a desirable school zone. Middleton Grange School, a composite school with a decile rating of 9, is one of the many excellent educational institutions in the area. Other notable schools include Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), Te Aratai College (decile 3 for Year 7&8), and Waltham School, a full primary with a decile rating of 3.

Updated on April 19, 2024