7/237 Lichfield Street, Christchurch Central, Christchurch

Nestled in the heart of Christchurch Central at 7/237 Lichfield Street, this residential ownership home unit boasts a modern design, completed in 2022. The property features 2 bedrooms, 1 bathroom, and a floor area of 90 square meters, sitting on a level contour with a land area of 97 square meters. The exterior is adorned with mixed materials, complementing the robust iron roof construction. Under the freehold title, this home is a gem in a quiet cul-de-sac, maintaining a good wall and roof condition. Notably, the capital value has seen a rapid increase of 44%, from $500,000 in August 2019 to the current $720,000 as of August 2022, echoing the HouGarden AVM estimate of $700,000 and the latest sale on October 4, 2021, at $720,000.

Government valuations aside, the property's location is a significant draw, particularly for families. It falls within the zones of several reputable schools, including Middleton Grange School, a composite school with a decile rating of 9, Hillview Christian School with a decile 7, and Marian College, a secondary school with a decile 8. Other educational institutions in the area include Christchurch Adventist School, Christchurch East School, Hagley Community College, and Te Aratai College, catering to diverse educational needs and age groups.

With a prime location, solid construction, and promising investment potential as indicated by the increasing capital value, this property is not only a comfortable home but also a wise investment choice.

Updated on August 22, 2024