4/494 Hereford Street, Linwood, Christchurch

Nestled in a serene cul-de-sac, this 2-bedroom, 1-bathroom unit with a single carpark at 4/494 Hereford Street, Linwood, Christchurch, offers a prime opportunity on a cross-lease title. Constructed in 1970 with concrete walls and an iron roof in average condition, the property sits on a level contour and boasts a floor area of 56 square meters. The government's capital value has seen a significant increase from $230,000 in 2019 to $370,000 in 2022, reflecting a growth rate of 60.87%. The latest sale in the complex was recorded at $395,000 in 2024, while the HouGarden AVM estimates the property's worth at $362,500.

For families with children, the property falls within the catchment area of several esteemed schools. Middleton Grange School rates a high decile 9, Hillview Christian School a decile 7, and Marian College a decile 8. Other educational institutions in the zone include Christchurch Adventist School, Christchurch East School, Hagley Community College, and Te Aratai College, catering to various year levels and decile ratings.

Don't miss the chance to own this solidly built unit, perfect as an investment, a bolthole, or a new beginning. With summerhill stone construction and an urban view, these units offer multiple purchase options, each on their own title and ready for a savvy buyer to snap up.

Updated on August 01, 2024