20236/36c Welles Street, Christchurch Central, Christchurch

Located in the heart of Christchurch Central at 202/36c Welles Street, this modern apartment offers a compact yet comfortable living space. Built in 2018, the property features 1 bedroom, 1 bathroom, and a floor area of 54 square meters. Despite having no carpark, its strategic location and the quality of construction make up for it. The apartment is part of a residential complex with a Unit Title ownership type. It boasts a concrete wall construction and an iron roof, both in good condition, ensuring durability and low maintenance. The property is level, making it accessible and convenient for residents.

The capital value (CV) of this property has seen a significant increase, from $370,000 in August 2019 to $505,000 in August 2022, marking a 36.49% growth. This reflects the property's growing market value and investment potential. The latest sale recorded was on January 9, 2024, for $470,000, slightly below the HouGarden AVM of $485,000, indicating a competitive market. The property's capital value growth and recent sales history underscore its appeal to investors and homeowners alike.

Situated within excellent school zones, this apartment offers great educational opportunities. It is zoned for Middleton Grange School (Years 11 - 13) with a decile rating of 9, Hillview Christian School and Christchurch Adventist School, both composite with decile ratings of 7 and 5 respectively. Additionally, it falls within the zones for Christchurch East School (Full Primary, decile 3), Hagley Community College (Secondary Year 9-15, decile 6), Marian College (Secondary Year 9-15, decile 8), and Te Aratai College (Year 7&8, decile 3). These diverse schooling options make it an ideal location for families prioritizing education.

Updated on April 06, 2024.