2/205 Matsons Avenue, Papanui, Christchurch

Nestled in the coveted Papanui neighborhood, this charming 2-bedroom, 1-bathroom unit with a single carpark is a gem for first-time buyers, retirees, or investors. Constructed in 1972 with robust brick walls and tiled roofing, the property stands on a level contour with a well-maintained exterior. Inside, it exudes warmth and comfort, thanks to the double glazing, heat pump, and comprehensive floor-to-ceiling insulation. The current Capital Value (CV) of $495,000 reflects a 46% increase since 2019, showcasing its investment potential. The property is on a Cross-Lease title and offers a generous floor area of 100sqm. The latest HouGarden AVM estimates the property at $500,000, while the last sale was in 2003 for $118,000.

For families, the property is zoned for an array of top-performing schools, including Waimairi School, Cobham Intermediate, and St Patrick's School, all boasting high decile ratings. This quiet cul-de-sac is not only a serene place to call home but also within easy access to the amenities Papanui has to offer. Don't miss the opportunity to secure this property, with offers being presented on Friday 20th September at 7pm.

With a title that includes LIM and building reports available, this property is ready for its new owner to enjoy the benefits of a sound investment in a thriving community.

Updated on September 24, 2024