10 Stratford Street, Merivale, Christchurch

Nestled in the esteemed Fendalton neighborhood, this charming 4-bedroom, 2-car park residence is set on a generous 888sqm of freehold land. Constructed in 1980 with wood walls and iron roofing, both in good condition, this property offers a warm and inviting family home. The interior boasts a floor area of 204sqm, complemented by an open-plan living space, 3 heat pumps, and partial double glazing for year-round comfort. The property has seen a significant Capital Value increase of 49.12% over the past 3 years, from $1,140,000 to the current $1,700,000. The HouGarden AVM estimates a value of $1,552,500, making it an attractive investment. The location is further enhanced by its zoning for top-rated schools, including Christchurch Girls' and Boys' High Schools, with deciles ranging from 8 to 10.

With a CV growth rate that outpaces the market average, this property presents a solid investment opportunity. The recent sales history and government valuation reflect the property's increasing desirability, while the 'as is, where is' condition adds a layer of potential for the right buyer. The property's convenient settlement timing and the provided engineering report offer additional peace of mind for prospective buyers.

For families with educational considerations, this property falls within the catchment area of several high-performing schools, such as Burnside High School, Cobham Intermediate, and St. Patrick's School, known for their high decile ratings and quality education. It's a combination of prime location, quality construction, and promising investment potential that makes this property a stand-out choice in the market.

Updated on December 12, 2024