5 Pioneer Lane, Woolston, Christchurch

Nestled in the tranquil setting of Woolston, Christchurch, 5 Pioneer Lane offers a charming three-bedroom bungalow with a floor area of 92m² on a generous 509m² freehold section. This delightful property, built in 1999, features fibrous cement walls and an iron roof, both in good condition, ensuring a sturdy and low-maintenance home. The level contour of the property adds to its appeal, making it an ideal choice for families, first-home buyers, or investors. With two carparks available, this residence combines convenience with the charm of suburban living.

Over the years, 5 Pioneer Lane has seen a significant increase in capital value, from $315,000 in August 2019 to $510,000 in August 2022, marking a 61.9% growth. This rapid appreciation highlights the property's investment potential. The HouGarden AVM estimates its value at $500,000, closely aligning with its current capital value. Historical sales data reveals a pattern of growth, with sales in 1999 and 2006 at $120,000 and $240,000 respectively, demonstrating the property's steady increase in value over time.

The property is zoned for a variety of schools, catering to different educational needs and preferences. These include Middleton Grange School (Years 11 - 13) with a decile rating of 9, Te Waka Unua School (decile 2), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (Year 7&8) with a decile rating of 3. This wide range of schooling options ensures that families have access to quality education across different levels and specializations.