2/12 Barrie Street, Addington, Christchurch

Nestled in the serene Barrie Street of Addington, Christchurch, this 2-bedroom, 1-carpark home presents an attractive opportunity on a Cross-Lease title. Constructed in 1995 with robust brick walls and an Iron roof, the property stands testament to enduring quality. Spanning 110sqm, it offers a generous living space that bathes in natural light, flowing into an open-plan kitchen and dining area, complemented by a paved courtyard. The bedrooms are warm and inviting, featuring built-in wardrobes. The property's Capital Value (CV) has seen a remarkable increase of 50.65% from $385,000 in 2019 to $580,000 as of 2022, with the HouGarden AVM estimating $552,500. The latest sale was recorded on 21st March 2024 at $537,000. For families, the property falls within the zone of esteemed schools such as Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), among others.

With a CV growth rate that outpaces the market average, this property holds significant investment potential. The well-maintained brick exterior and coloursteel roof ensure low maintenance, while the interior offers scope for modern enhancements. The garden, though requiring attention, presents a blank canvas for those with a green thumb. This home, part of a deceased estate, is a rare find that combines comfort, potential, and a sought-after school zone.

Education takes center stage with the property's proximity to a selection of high-performing schools. The Villa Maria College's secondary education (Year 7-15) is complemented by St Thomas of Canterbury College, Middleton Grange School, and Hillmorton High School, each boasting strong academic reputations. For intermediate and primary education, Christchurch South Karamata Intermediate and Addington School are within reach. This property is not just a home; it's an investment in a promising future.

Updated on April 18, 2024