Nestled in the heart of Christchurch Central at 2/316 Armagh Street, this contemporary one-bedroom townhouse with a full bathroom and an open-plan layout is the epitome of modern living. Constructed in 2021 with a wood exterior, iron roof, and a level contour, this freehold property offers a comfortable 56 square meters of floor area on a 60 square meter section. The property is complete with a heat pump for year-round comfort and a private, fenced outdoor area. The capital value has shown a significant increase of 15.38% from $390,000 in 2019 to $450,000 in 2022, reflecting a sound investment opportunity. The latest sale in 2019 was for $395,000, while the current HouGarden AVM estimates the property at $432,500.
For families with children, the property falls within the zone of several reputable schools, including Middleton Grange School with a decile rating of 9, Hillview Christian School at 7, and Hagley Community College at 6, among others. This not only adds to the property's appeal but also ensures access to quality education.
Whether you're looking for a cozy home or a lucrative rental investment, this townhouse is priced to entice and is conveniently located near the city's amenities and the upcoming sports stadium, offering both convenience and potential for further value appreciation.
Updated on April 10, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 2 | -m2 | 2024 12 10 | $677,500 | Council approved | |
 | 0.11 km | 2 | 1 | 58m2 | 2024 12 09 | - | Council approved | |
 | 0.03 km | 3 | 1 | -m2 | 2024 12 02 | - | Council approved | |
 | 0.11 km | 2 | 1 | -m2 | 2024 10 07 | - | Council approved | |
0.16 km | 1 | 1 | 56m2 | 2024 06 24 | $405,000 | Council approved |