Located at 434c Madras Street, Saint Albans, Christchurch, this north-facing, freehold, 2 storey townhouse is a gem in the heart of the city. Built in 2004, the property boasts 3 double bedrooms with built-in robes, 1 full bathroom, 2 toilets, and a modern kitchen. The generously sized living/dining area flows seamlessly to a lovely outdoor area, offering room to add value. The townhouse is complete with a double garage with internal access and off-street parking. The exterior features roughcast walls in good condition and a tiled roof, also in good condition, on a level property contour. The floor area is 138m², sitting on a land area of 207m², categorized under Residential - Dwelling.
Over the years, the capital value of this property has seen significant growth, from $460,000 in August 2019 to $680,000 in August 2022, marking a 47.83% increase. The latest sale in February 2024 was at $620,000, slightly below the HouGarden AVM of $650,000 but significantly higher than its 2004 sale price of $290,000. This demonstrates the property's strong capital value growth and investment potential.
The property is zoned for several schools, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Emmanuel Christian School (Composite Year 1-10) with a decile of 8, and several others covering a range of educational levels and decile ratings. This variety provides excellent educational options for families with children of different ages.
Updated on April 05, 2024.
