1/7 Erica Street, Papanui, Christchurch

Nestled in the serene Golden Triangle of Papanui, this charming residence at 1/7 Erica Street boasts a peaceful cul-de-sac location. Constructed in 1960 with solid brick walls and an iron roof in good condition, this cross-lease property offers 2 bedrooms, 1 bathroom, and a single carpark. The 80sqm floor area is complemented by a street-facing kitchen that overlooks a spacious courtyard, inviting afternoon sun, and energy-efficient double glazing with solar power. The property has seen a 44.93% increase in Capital Value from $345,000 in 2019 to $500,000 as of August 2022. HouGarden AVM estimates it at $455,000, while the latest sales were in 2013 for $295,000 and 2006 for $250,000.

With a decile rating of 8, Christ the King School is among the several reputable institutions in the area. The property falls within zones for top-performing schools such as St Patrick's School (decile 10), Heaton Normal Intermediate (decile 9), and Villa Maria College (decile 9), making it an ideal investment for families.

Updated on December 10, 2024