Nestled in the heart of Linwood, Christchurch, at 525 Cashel Street, this charming residential dwelling on a freehold title is a perfect blend of vintage allure and modern convenience. Constructed in 1900 with wood walls and an iron roof, both in good condition, the property sits on a level contour and offers 3 bedrooms, 2 carparks, and a spacious floor area of 110sqm on a land area of 476sqm. The home is kept comfortable year-round with a heat pump, and its north-facing courtyard is a private oasis with mature trees and a BBQ area. The current Capital Value (CV) of $580,000 represents a 31.82% increase since 2019, reflecting the property's growing worth. The HouGarden AVM estimates the property at $562,500, with the latest sale recorded at $598,000 in 2024, indicating a high demand for such properties in the area.
With a CV history that speaks of a sound investment, this property is located in a sought-after school zone. The Middleton Grange School, catering to Years 11-13, is a composite school with a decile rating of 9. Other schools in the area include Linwood Avenue School, Hillview Christian School, Christchurch Adventist School, Hagley Community College, Marian College, and Te Aratai College, all offering a range of educational options for families. The property's proximity to amenities, the upcoming Te Kaha multi-purpose arena, and the city center further enhance its value and appeal.
For professionals, young families, or first-time buyers, this property presents an opportunity not to be missed. Its combination of character, comfort, and convenience, along with the potential for further value appreciation, makes it a must-see. Don't let this motivated vendor's offer slip through your fingers; secure your viewing today.
Updated on August 28, 2024