3 Hay Street, Bromley, Christchurch

Nestled in the charming Bromley neighborhood, this cozy 2-bedroom, 1-bathroom home on 359 Linwood Avenue offers a promising investment. Constructed in 1979 with concrete walls and tiled roofing, this cross-lease property sits on a level contour with a well-maintained exterior. The current Capital Value (CV) of $375,000 reflects a significant increase from $230,000 in 2019, showcasing a growth rate of 63.04%. The property's latest sale was in 1996 for $62,000, highlighting its appreciating value.

With a CV of $375,000 and an HouGarden AVM of $347,500, this property presents a lucrative opportunity. The location is further enhanced by its proximity to Eastgate Mall and a range of schools, including Middleton Grange School (Decile 9) and Marian College (Decile 8), making it an ideal choice for families.

For those with a vision, this home is a blank canvas. The spacious floor area of 80 square meters, combined with a single car park and a private, fenced garden, provides a solid foundation for renovation and customization. Whether you seek a family home or an investment to add value, this property in a sought-after school zone is a gem waiting to be polished.

Updated on May 16, 2024