2/28 Derby Street, Saint Albans, Christchurch

Nestled beyond the bustling four avenues, this 2-bedroom townhouse at 2/28 Derby Street, Saint Albans, Christchurch, offers a serene retreat on a cross-lease title. Constructed in 1995 with concrete walls and an iron roof, both in good condition, the property boasts a floor area of 90sqm and a single carpark. The capital value has seen a rapid increase from $440,000 in 2019 to $700,000 in 2022, a growth of 59%. The property, with its 'as is, where is' status, presents a golden opportunity for those with a creative vision for transformation.

With a current HouGarden AVM of $670,000 and a last sale in 1997 for $190,000, this home is not just a residence but a promising investment. The open-plan living, mature courtyard, and convenient ground-floor amenities like a w/c and laundry, enhance the liveability of this townhouse, making it perfect for the urban professional seeking proximity to Merivale, Victoria Street, the city center, Hagley Park, and the hospital.

For families, the property falls within the catchment of esteemed schools such as Burnside High School (Decile 8), Heaton Normal Intermediate (Decile 9), Christchurch Boys' and Girls' High Schools (Decile 10), Elmwood Normal School, and more. This home is not just a haven; it's an investment in a promising future.

Updated on October 31, 2024