54 Fairview Street, Somerfield, Christchurch

Nestled on a freehold 602 sqm section at 54 Fairview Street, Somerfield, Christchurch, this charming 3-bedroom residence exudes a blend of vintage elegance and modern comfort. Constructed in 1928 with wood walls and an iron roof, both in average condition, the property holds a capital value of $740,000 as of August 2022, demonstrating a remarkable increase of 51.02% from its $490,000 valuation in August 2019. The home sits on a level contour and features a single carpark, a floor area of 116 sqm, and is equipped with a heat pump for year-round comfort.

With a HouGarden AVM of $710,000 and a latest sale history of $660,000 in 2019, following a previous sale of $350,000 in 2011, this property presents an attractive investment opportunity. It is set amidst a tranquil cul-de-sac, close to amenities, leisure spots, and is zoned for highly sought-after schools, including Villa Maria College (Decile 9) and Cashmere High School (Decile 9), among others.

For families with school-aged children, the property falls within the zones of Somerfield School, Christchurch South Intermediate, and Cashmere High, ensuring access to quality education. The location is not only convenient for education but also for leisure, with Pioneer Recreation Centre, popular cafes, and scenic river walks within walking distance. This is a home that offers both a rich history and a promising future, making it an opportunity not to be missed.

Updated on October 31, 2024