78 Proctor Street, Papanui, Christchurch

Nestled in the serene cul-de-sac of Proctor Street, this charming 1950's bungalow on 759m2 of freehold land boasts 2 bedrooms, a spacious living area, and a separate dining room. The well-maintained brick exterior and tiled roof are complemented by a good condition interior. Notably, the property's Capital Value (CV) has seen a substantial increase from $540,000 in 2019 to $860,000 as of 2022, reflecting a growth of 59.26%. The latest sale in June 2024 was for $845,000, closely aligning with the HouGarden AVM estimate of $800,000. This property falls within the catchment area of esteemed schools, including Paparoa Street School with a decile rating of 10, Heaton Normal Intermediate at 9, and Papanui High School at 7, ensuring quality education for the family.

With its prime location, this property offers the perfect opportunity for renovation or redevelopment. The established garden and excellent off-street parking add to the appeal. Zoned for multiple high-performing schools, it's a choice investment for families looking to secure a piece of real estate in a desirable educational zone.

Located in the heart of Papanui, Christchurch, the property is within walking distance to Northlands Mall, restaurants, cafes, the library, Graham Condon Recreational center, and public transport, making it a convenient and sought-after address.

Updated on July 11, 2024