2/11 Farnborough Street, Aranui, Christchurch

Nestled in the serene Farnborough Street, this 1979-built, 3-bedroom, 1-bathroom unit with a single carpark is an exemplar of modern living. The residence, with concrete walls in good condition and tiled roof in average condition, is set on a level contour within a Cross-Lease ownership. Inside, it's a haven of comfort with a generous living area, a modern kitchen, and a bathroom that combines practicality with luxury. The addition of an HRV system ensures a healthy living environment year-round. With a Capital Value (CV) of $425,000 as of August 2022, representing a 51.79% increase since 2019, and a HouGarden AVM of $417,500, this property also boasts a latest sale history of $428,500 in 2022 and $88,000 in 2017. Educationally, it falls within the decile 9 Middleton Grange School zone and is close to several other well-rated institutions, offering a prime location for families.

As for the property's financials, the rapid CV growth and the recent sale prices reflect a promising investment opportunity. The property's estimated value has seen a significant leap, underlining its appeal in the market.

For families with school-aged children, the unit is in a highly sought-after school district. It is served by Middleton Grange School, Hillview Christian School, Haeata Community College, Christchurch Adventist School, Hagley Community College, and Marian College, catering to diverse educational needs and preferences.

Updated on August 09, 2024