1/62 Derby Street, Saint Albans, Christchurch

Nestled in the serene Derby Street of Saint Albans, Christchurch, this 3-bedroom, freehold townhouse at 1/62 Derby Street boasts a capital value of $860,000 as of August 2022. Constructed with a mix of materials for the walls and iron for the roof, this level-contoured property is only two years old, with both walls and roof in good condition. It features a single carpark, a floor area of 119sqm, and a land area of 137sqm. The townhouse is equipped with modern comforts such as double glazing, under-tile heating, and a heat pump for year-round comfort. The latest sale history shows transactions at $970,000 on May 30, 2024, and $1,025,000 on November 6, 2023, indicating a significant growth in capital value.

With a quiet and private setting, the property has been appraised by HouGarden AVM, reflecting its increasing market worth. The rapid rise in CV percentage makes it an attractive investment. This brand-new townhouse not only offers convenience with its internal access garage and a well-thought-out two-story floor plan but also enjoys a prime location with sought-after school zones, including Elmwood School, Heaton Intermediate, CBHS, CGHS, and Burnside High Schools.

Located in a prime educational hub, the property is perfect for families seeking top-notch education facilities. The proximity to central Merivale, Victoria Street, and Hagley Park further enhances the appeal, providing endless leisure, dining, and relaxation opportunities. This townhouse is a gem for downsizers, young professionals, couples, families, and investors alike, promising an effortless lifestyle on the edge of the city.

Updated on June 26, 2024