1/138 Waimairi Road, Ilam, Christchurch

Nestled in the serene Ilam neighborhood, 1/138 Waimairi Road presents a charming residential unit, perfect for investors and first-time buyers alike. This 1977-built home boasts 3 bedrooms, 2 carparks, and a spacious floor area of 140 square meters. The exterior features concrete walls in good condition and a robust tile roof. It sits on a level contour, enjoying a prime location close to the University and a wealth of amenities. The property is under a Cross-Lease ownership and has seen a significant Capital Value increase of 39.58% from $480,000 in 2019 to the current $670,000. HouGarden's AVM estimates the property's worth at $622,500, while the latest sale history shows a marked progression from $205,000 in 2003 to $345,000 in 2008.

For families with school-aged children, the property falls within the catchment area of esteemed schools such as Avonhead School with a decile rating of 7, Ilam School at 6, and the top-rated St Patrick's School at 10. Other educational institutions in the vicinity include Villa Maria College, Kirkwood Intermediate, and St Thomas of Canterbury College, among others. This address not only promises a quality education but also a convenient lifestyle with easy access to parks, shopping centers, cafes, and more.

Inside, the home is bathed in natural light, featuring a heat-pumped dining and lounge area, 3 double bedrooms, multiple bathrooms, and modern kitchen and laundry facilities. A double garage and a well-appointed outdoor living space complete the package, making this property an attractive proposition for those seeking comfort, convenience, and potential growth in a desirable location.

Updated on May 16, 2024