Nestled in a serene cul-de-sac at 5/544 Barbadoes Street, Edgeware, Christchurch, this charming 2-bedroom, 1-bathroom townhouse with a single carpark presents an enticing opportunity. Constructed in 1974 with concrete walls and an iron roof, it offers an ownership type of Cross-Lease. The property, spanning a floor area of 60sqm, boasts an average wall and roof condition, and a level contour. The capital value has seen a significant increase from $250,000 in 2019 to $390,000 in 2022, reflecting a growth of 56%. The latest sale was recorded at $385,000 in 2024, while the HouGarden AVM estimates it at $392,500.
From a valuation perspective, this property is on the rise. The government's assessment and the private HouGarden AVM both indicate a promising investment. The latest sale history showcases a substantial appreciation in value, making it an attractive prospect for buyers.
For families with children, the school zone is a significant draw. In-zone schools include the highly rated Middleton Grange School (Decile 9) and Emmanuel Christian School (Decile 8), among others. The convenience of such esteemed educational institutions adds immense value to this property, making it an ideal choice for those seeking a quality education for their children.
Updated on October 02, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 3 | 2 | 169m2 | 2024 12 20 | - | Council approved | |
 | 0.07 km | 2 | 1 | 60m2 | 2024 12 11 | $390,000 | Council approved | |
 | 0.05 km | 1 | 1 | -m2 | 2024 10 01 | - | Council approved | |
 | 0.07 km | 2 | 1 | 60m2 | 2024 09 12 | $407,500 | Council approved | |
 | 0.06 km | 2 | 1 | 60m2 | 2024 08 27 | $377,500 | Council approved |