38 Lambeth Crescent, Redwood, Christchurch

Nestled in the serene Lambeth Crescent of Redwood, Christchurch, this charming 2-bedroom, 1-bathroom residence with a sunroom presents a versatile living space on a freehold 830m2 section. Constructed in 1950 with brick walls and tiled roofing, the property maintains an average condition both inside and out. It boasts a floor area of 95m2, double car parks, and a heat pump for year-round comfort. The property's Capital Value (CV) has seen a remarkable increase of 37.84% from $370,000 in 2019 to $510,000 in 2022. The HouGarden AVM estimates it at $475,000, while the latest sale was recorded in 2005 for $165,000. This home is located within the catchment area of several high-performing schools, including Christ the King School (Decile 8), Villa Maria College (Decile 9), and Middleton Grange School (Decile 9), making it an ideal choice for families.

With a prime location, this property offers a golden opportunity for land bankers, developers, renovators, and first-time homebuyers. The expansive land holds potential for future development, while the existing structure provides a cozy retreat. The urgency to sell from the vendors means this gem won't last long on the market. Don't miss your chance to secure this property with immense growth potential and educational advantages.

Educationally endowed, the property falls under the zones of esteemed institutions like Emmanuel Christian School (Decile 8), Casebrook Intermediate (Decile 6), and Papanui High School (Decile 7), among others. This ensures a sound investment not only in real estate but also in your child's future.

Updated on June 24, 2024