2/123 Hills Road, Edgeware, Christchurch

This charming residence at 2/123 Hills Road, Edgeware, Christchurch, offers a seamless blend of comfort and convenience, making it an ideal starter home or investment opportunity. The property features two bedrooms, one bathroom, and a single carpark, spread across a 60m² floor area on a level cross-lease land. The home's exterior boasts roughcast walls in good condition and an iron roof, also in good condition, reflecting its 1970s construction era. The interior layout is thoughtfully designed, with living and dining areas that flow into the kitchen. The living area, benefiting from north-facing orientation, enjoys ample sunlight and is equipped with a heat pump for those cooler days. Both bedrooms come with built-in wardrobes, and the bathroom is modernly fitted with a glass shower cubicle. Additionally, the property includes a single garage at the rear and extra parking space in front.

Since 2011, the property has seen significant capital value growth, from $260,000 in 2011 to $400,000 by 2022, marking a 53.85% increase. The latest sale in January 2024 reaffirmed its value at $400,000, while the HouGarden AVM estimates its worth at $382,500. This growth trajectory underscores the property's potential as a sound investment.

Education is a priority, and this property does not disappoint, being zoned for a variety of schools including Middleton Grange School (decile 9), Emmanuel Christian School (decile 8), and several others catering to a range of educational needs from primary through to secondary levels. The diverse decile ratings offer options for all families, ensuring a suitable educational pathway for children.

Updated on April 05, 2024.