Nestled at 102 Eureka Street, Aranui, Christchurch, this residential dwelling on a freehold title boasts a capital value increase of 63.46% over three years. Constructed in 1960 with concrete walls and an iron roof, both in good condition, the property offers a floor area of 122sqm on a levelled 607sqm section. It features 4 bedrooms, with the master upstairs accompanied by an ensuite and kitchenette, and a modern kitchen flowing into the dining and living areas. The property is complete with a heat pump, separate laundry, a deck, and a fully fenced section. The latest sale was recorded on 2023-10-03 for $280,000, while the HouGarden AVM estimates it at $407,500, below the current CV of $425,000 as of August 2022.
With a CV of $260,000 in August 2019, this property's value has seen a rapid rise. It presents an ideal opportunity for a family or an investor seeking a dual income by renting out the upstairs. Its location is another highlight, with easy access to Avondale golf club, New Brighton Hot Pools, and a range of shops, cafes, and amenities.
For families with children, the property falls within the zones of several schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), Haeata Community College (Decile 1), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), and Marian College (Decile 8), ensuring quality education at various levels.
Updated on April 12, 2024
