3/83 Brougham Street, Addington, Christchurch

Nestled in the serene cul-de-sac of Brougham Street, this 1976-built, 66sqm residential unit presents an attractive opportunity for investors and first-time homebuyers alike. The 2-bedroom, 1-bathroom unit with a single carpark boasts concrete walls, tiled roof, and is in a Cross-Lease ownership. The property has seen a significant Capital Value (CV) increase from $225,000 in 2019 to $370,000 in 2022, reflecting a growth of 64%. The unit is equipped with modern double glazing, a heat pump, and meets Healthy Homes standards, ensuring comfort throughout the year. The private, fenced backyard and an attached garage provide additional convenience. Educationally, the property falls within the zones of well-regarded schools such as Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), among others. The HouGarden AVM estimates the property at $352,500, with the latest sale recorded at $227,000 in 2019, and $226,000 in 2014. This unit, with its solid construction and convenient location, offers great value and potential for a secure investment or a new beginning.

Updated on October 25, 2024