Nestled in the vibrant heart of Christchurch Central, this 2-bedroom unit at 4/246 Worcester Street is a gem on offer. Constructed in 1997 with roughcast walls and an iron roof in good condition, it sits on a level contour and is part of a cross-lease ownership. The property features an open-plan living/dining, a balcony with city views, modern LED lighting, a heat pump, and a single internal garage with additional shared parking. It's a perfect blend of comfort and convenience, with easy access to public transport, Ara Institute, Pomeroy's, and Te Kaha Stadium. Notably, the property's Capital Value (CV) has seen a 41.07% increase from $280,000 in 2019 to $395,000 as of 2022. The HouGarden AVM estimates it at $367,500, while the latest sale was recorded at $280,000 in 2018. This property is within the desirable school zones of Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and others, making it an ideal investment for families. With a rental income of $490 per week, it offers a 7.3% return on investment. Whether as a rental property, personal residence, or potential Airbnb income, this unit is a smart choice for those seeking a hassle-free lifestyle or a sound investment.
With a declared reserve auction price of $349,000, the owner's intention to sell is clear, presenting a golden opportunity. Don't let this chance slip by; secure this property today and enjoy the benefits of city living with the convenience of a lock-up-and-leave lifestyle.
For families with children, the property falls within the catchment areas of several well-rated schools, including Middleton Grange School, Hillview Christian School, and Marian College. These educational institutions offer a high standard of education and are a significant draw for families looking to settle in a quality school zone.
Updated on May 09, 2024
