1/9 Woodcote Avenue, Hornby, Christchurch

Located at 1/9 Woodcote Avenue, Hornby, Christchurch, this residential property offers a unique opportunity for those looking to enter the property market or seeking an investment. The unit, part of a cross-lease title, features 2 bedrooms, 1 bathroom, and a single car garage, covering a floor area of 70 square meters. Constructed in 1970 with concrete walls and an iron roof, both in good condition, this home sits on a level contour with no specified land area. It boasts a sunny lounge, separate kitchen, and laundry areas, as well as a heat pump for comfort throughout the year. The property also includes a separate bathroom with a wet floor shower and a separate toilet.

Over the past few years, the capital value of this property has seen significant growth, from $290,000 in August 2019 to $435,000 in August 2022, marking a 50% increase. The latest HouGarden AVM estimates the property's value at $427,500. Historical sales data reveals transactions at $296,000 in September 2018 and $312,000 in January 2017. This property is positioned as a potential value-add opportunity, with immediate possession available and annual rates of $2,426.19.

The property is zoned for several reputable schools, including Villa Maria College and Middleton Grange School, both with a decile rating of 9, St Thomas of Canterbury College (decile 8), and several others catering to a range of educational needs from primary through secondary levels. Its location near the Hub Hornby, parks, public transport, and local amenities, coupled with easy access to main motorways, makes it an attractive option for families and commuters alike.

Updated on March 22, 2024.