2/121 Marlow Road, Aranui, Christchurch

Nestled in the heart of Aranui, this 3-bedroom unit at 2/121 Marlow Road presents a charming blend of comfort and convenience. Constructed in 1987 with concrete walls and an iron roof, both in good condition, the property sits on a level contour and offers a spacious floor area of 110m2. As a cross-lease property, it includes a single car park and additional off-street parking. Notably, the capital value has surged by 60% from $275,000 in 2019 to $440,000 in 2022, showcasing a promising investment opportunity. The latest sale was recorded at $185,000 in 2009, with a current HouGarden AVM of $437,500.

Educationally, the property falls within a desirable school zone. Middleton Grange School, a composite institution with a decile rating of 9, is one of the several well-regarded schools in the area. Others include 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), catering to various educational needs and preferences.

With a private backyard, secure garaging, and a prime location close to amenities and transport, this unit is an attractive prospect for first-time buyers, downsizers, or investors. Embrace the chance to make this property your own and enjoy the benefits of modern living in Aranui.

Updated on November 20, 2024