2/74 King Street, Sydenham, Christchurch

Nestled in the heart of Sydenham, Christchurch, this 2-bedroom, 1-bathroom unit at 2/74 King Street boasts an open-plan living space and an attached single garage. Constructed in 1970 with robust concrete blocks and an iron roof, the property is in good condition both inside and out. The cross-lease ownership adds to its appeal, while the recent renovations ensure a high standard of accommodation. The property's Capital Value (CV) has seen a remarkable increase of 57.45% from $235,000 in 2019 to $370,000 as of August 2022. The HouGarden AVM estimates the property's value at $362,500, with the latest sale recorded at $201,000 in 2014, and $180,000 in 1997. This unit, with its warm and comfortable ambiance, is perfectly positioned close to the City Centre, offering an exceptional opportunity to own a ready-to-move-in home at an affordable price.

With a CV growth rate that outpaces the market, this property is not just a home but a sound investment. The government's valuation history and the recent sale prices reflect the increasing desirability of this unit in a quiet cul-de-sac.

For families with school-aged children, the property falls within the zones of several high-performing schools. These include Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), Cashmere High School (Decile 9), Hillview Christian School (Decile 7), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), and Waltham School (Decile 3), ensuring access to quality education.

Updated on August 29, 2024