2/31 Clissold Street, Merivale, Christchurch

Nestled in the serene and prestigious Merivale, this 2-bedroom unit with 1 bathroom and a carport is a prime example of modern living. Constructed in 2020 with roughcast walls and an iron roof in good condition, it sits on a level contour at 2/31 Clissold Street. The property, with a floor area of 70 square meters, is under a Cross-Lease ownership. The government's capital value has seen a remarkable increase from $385,000 in 2019 to $580,000 in 2022, reflecting a growth of 50.65%. The HouGarden AVM estimates the property's worth at $537,500, while the latest sale was in 2006 for $240,000.

For families with school-aged children, the property falls within the catchment area of highly-rated schools such as Burnside High School (Decile 8), St Patrick's School (Decile 10), Heaton Normal Intermediate (Decile 9), and Christchurch Boys' and Girls' High Schools (Deciles 10 and 9 respectively), ensuring a sound investment in education.

Currently tenanted until February 2025 at $520.00 per week, this unit offers a stress-free investment opportunity in a location that boasts easy access to Hagley Park, Holmwood Road shops, and Merivale Mall. Its proximity to top public schools and the tranquil environment make it an educated investment choice for both investors and homebuyers.

Updated on July 11, 2024