5/23 Geraldine Street, Edgeware, Christchurch

Nestled in a peaceful cul-de-sac at 5/23 Geraldine Street, Edgeware, Christchurch, this well-maintained 2-bedroom, 1-bathroom unit with a single carpark offers a comfortable lifestyle. Constructed in 1984 with fibrous cement walls and an iron roof in good condition, it sits on a level contour. The property, classified as Residential - Ownership home units, is under Cross-Lease title. Notably, the Capital Value (CV) has seen a rapid increase of 47.92% from $240,000 in August 2019 to $355,000 in August 2022. HouGarden AVM estimates the property's value at $330,000, making it an attractive investment opportunity.

With a functional kitchen, a cozy living area with a heat pump, and a north-facing grassy yard, the unit provides ease of living. The property's value is further enhanced by its proximity to amenities and convenient bus routes on Bealey Avenue. Historically, the property has shown strong growth potential, with a recent sale reflecting the increasing demand in the area.

For families, the property falls within a desirable school zone. It is close to Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), Shirley Intermediate (Decile 4), and more. These institutions offer a range of educational options for children of all ages.

Updated on June 24, 2024