18 Lake Terrace Road, Little River, Christchurch

Nestled at 18 Lake Terrace Road, Little River, Christchurch, this residential dwelling on a Freehold title is a charming Kiwi classic. Constructed in 1950 with roughcast walls and an iron roof, the property stands on a level contour with a floor area of 65 square meters and a land area of 1338 square meters. It boasts 3 bedrooms, 1 bathroom, and 2 car parks. The roof and walls are in average condition, offering a solid foundation for potential renovations.

With a Capital Value (CV) of $485,000 as of August 2022, this property has seen a remarkable increase of 47% from its $330,000 CV in August 2019. The HouGarden AVM estimates the property's value at $450,000, while the latest sale in 2017 was for $325,000. This presents a lucrative opportunity for investors and homebuyers looking to add value.

For families with school-aged children, this property falls within the zones of several high-performing schools. These include Villa Maria College (Decile 9), Lincoln High School (Decile 10), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), Aidanfield Christian School (Decile 8), and Christchurch Adventist School (Decile 5), ensuring access to quality education.

Updated on July 11, 2024