2104/104a Studholme Street, Somerfield, Christchurch

Nestled in a serene cul-de-sac at 2/104a Studholme Street, Somerfield, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1970 with iron roofing and concrete walls in good condition, the property sits on a level contour. It is a cross-lease title with a floor area of 90 square meters. The home is heated by an efficient heat pump, ensuring comfort throughout the year.

As for the property's financials, the capital value has seen a rapid increase from $340,000 in August 2019 to $440,000 in August 2022, reflecting a growth rate of 29.41%. The HouGarden AVM estimates the property's value at $432,500. Notably, the latest sale was recorded on July 9, 2024, at $530,000, a significant jump from the previous sale in February 10, 1996, at $122,500.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools. These include Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (Years 11-13, decile 9), Christchurch South Karamata Intermediate (decile 8), Somerfield Te Kura Wairepo (decile 8), Cashmere High School (decile 9), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), and Hagley Community College (decile 6).

Updated on August 28, 2024