1/9 Nairn Street, Spreydon, Christchurch

Located at 1/9 Nairn Street, Spreydon, Christchurch, this residential dwelling boasts 4 bedrooms, with a floor area of 189m² on a cross-lease title. The property features a roughcast wall construction and an iron roof, both in good condition, dating back to 1915. It sits on a level contour, offering a blend of historical charm and modern living conveniences. The property does not specify the number of bathrooms but includes 2 car parks, catering to the needs of a family or an investor looking for a property with ample space.

The capital value of this property has seen a significant increase, from $530,000 in August 2019 to $750,000 in August 2022, marking a 41.51% growth. The latest sale recorded on January 16, 2024, was at $735,000, up from $275,000 in October 2012. The HouGarden AVM estimates the property's value at $720,000, highlighting its potential as a lucrative investment, especially considering its historical yield of over 7% and current rental at $380 per week.

Education is a key feature of this property's location, with access to a range of schools including Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, Te Kura o Mokihi Spreydon School, Hillmorton High School, West Spreydon School, Hillview Christian School, Christchurch Adventist School, and Hagley Community College. These institutions range from decile 3 to 9, offering diverse educational opportunities for families.

Updated on April 06, 2024.