107 Waimairi Road, Ilam, Christchurch

Nestled in the serene Ilam neighborhood, this freehold property at 107 Waimairi Road boasts a modern construction, completed in 2019. The residence features 6 commodious bedrooms, is built with robust brick walls, and topped with a durable iron roof, all in good condition. Spanning over 164 square meters of floor area and set on a levelled 621 square meter plot, this dwelling offers an ideal living space for families. The property has seen a significant Capital Value increase of 34.67% from $750,000 in 2019 to the current $1,010,000 as per the latest government valuation. The HouGarden AVM estimates the property's worth at $1,000,000, while the latest sale fetched an impressive $1,725,000 in 2024, indicating a high potential for investment returns.

For families with school-aged children, the property falls within the catchment area of several reputable schools. Avonhead School and St Patrick's School (Bryndwr) are both full primary schools with deciles of 7 and 10 respectively. Other educational institutions in the vicinity include Villa Maria College, Kirkwood Intermediate, and St Thomas of Canterbury College, all of which are highly rated secondary schools. The area's educational offerings are a significant draw for families seeking top-notch education for their children.

Located in a quiet cul-de-sac, this property is not only an attractive family home but also a sound investment opportunity, given its proximity to the University of Canterbury and Bush Inn, ensuring a steady rental demand. The property's modern amenities, including double glazing and compliance with Healthy Homes standards, further enhance its appeal as a high-yield investment property.

Updated on November 07, 2024