92 Purchas Street, Edgeware, Christchurch

Nestled in the serene cul-de-sac of Purchas Street, Edgeware, Christchurch, this freehold property boasts a solid concrete construction, ensuring longevity and peace of mind. The 2-bedroom, 1-bathroom home, built in 1998, features a roughcast exterior, iron roof, and a level contour, all in good condition. With a floor area of 100sqm and a land area of 191sqm, it includes a single carpark. Notably, the capital value has surged by 49.3% from $355,000 in 2019 to $530,000 in 2022, showcasing a promising investment. The property also benefits from an approximate $20K EQC payout, enhancing its exterior to a like-new state.

Recent sale history is encouraging, with the latest transaction at $500,000 in 2024, up from $348,000 in 2018. The HouGarden AVM estimates the property's worth at $485,000. This property's allure is further enhanced by its proximity to the city center, offering the convenience of a walk-to-work lifestyle and easy access to entertainment.

For families, the school network is a significant draw. It falls within the zones of Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), Shirley Intermediate (Decile 4), and more. This combination of location, quality, and investment potential makes it an unmissable opportunity in the property market.

Updated on December 18, 2024