5 Neave Place, Hillmorton, Christchurch

Nestled in the serene 5 Neave Place of Hillmorton, Christchurch, this residential dwelling on a freehold title boasts 3 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1970 with concrete walls and tiled roof, both in good condition, this property sits on a level contour with a floor area of 104 sqm and a land area of 814 sqm. The capital value has surged by 50% from $460,000 in 2019 to $690,000 in 2022, with a HouGarden AVM estimate of $670,000. Notably, the property's latest sale history includes transactions in 2004, with a price of $165,000 and $148,000 respectively.

On the financial front, the market is at a low tide with declining interest rates, signaling an opportune time for investment. A deposit as low as $10,000 is required for auction participation, welcoming first home buyers with KiwiSaver. The property presents a sunny northwest aspect, a spacious kitchen/dining area with a breakfast bar, a separate lounge with polished floors, and a tradesman's garage with additional workspace. There's also a bonus room suitable for storage, studio, or hobbies.

For families, the property falls within the zone of several well-regarded schools, including Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more. This home, available for viewing through open homes or by appointment, could be sold before July 31st, offering a timely opportunity not to be missed.

Updated on August 01, 2024