264 Waimairi Road, Ilam, Christchurch

Nestled in the heart of educational excellence, 264 Waimairi Road, Ilam, Christchurch, is a Residential Dwelling on a Freehold title. This 1970s era home boasts 5 bedrooms, 2 car parks, and a floor area of 272sqm, set on a sprawling 809sqm of level land. The concrete walls and tiled roof are in good condition, and the property is equipped with three heat pumps for comfort. The Capital Value (CV) has seen a rapid increase of 29.55% from $880,000 in 2019 to $1,140,000 as of 2022. The HouGarden AVM estimates the property at $1,112,500, while the latest sale was in 2020 for $910,000, showing a significant appreciation from the $244,000 sale in 2001. This property is zoned for top-rated schools such as Burnside High School (Decile 8), Westburn School (Decile 9), and others, making it an ideal investment for families seeking prime education zones.

With a prime location in a quiet cul-de-sac, the property offers potential for refurbishment and value addition. It has been a comfortable home for a family whose son was attending the nearby university, and now it awaits new owners to unlock its full potential. The residence features two living areas, a separate laundry, and an open-plan kitchen with a walk-in pantry. Its convenient setting, close to universities and with easy access to quality education, makes it a sought-after property in the medium price range.

Education is at the heart of this property's appeal, with schools like Westburn School right across the road and Burnside High School within the zone. Other prestigious schools in the area include Christ the King School, St Patrick's School, Villa Maria College, and more. This property is not just a home but a gateway to educational opportunities in one of Christchurch's most esteemed locations.

Updated on August 27, 2024