Nestled in a serene cul-de-sac at 1/93 Tedder Avenue, North New Brighton, Christchurch, this residential dwelling boasts a practical design with immense potential. It features 2 bedrooms, 1 bathroom, a single carpark, and a floor area of 79 square meters. Constructed in 1970 with fibrous cement walls and an iron roof, both in average condition, this cross-lease property sits on a level contour. The highlight is its capital value growth, increasing from $250,000 in August 2019 to $410,000 in August 2022, a rise of 64%. The property also benefits from a HouGarden AVM of $377,500 and recent sales history, with the latest sale at $385,000 in November 2024.
As for the government valuation, the property has seen a significant increase, reflecting a promising investment opportunity. The living space is enhanced by a north-facing kitchen, dining, and living area, further comforted by a heat pump. Outside, a fully fenced yard provides space for pets, children, or gardening enthusiasts. The modern bathroom and separate laundry add convenience to this attractive package.
For families with school-aged children, the property falls within the zones of several reputable schools, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Shirley Boys' High School (Decile 6), among others. This combination of location, value, and school zones makes it an ideal choice for both investors and families.
Updated on December 11, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | 132m2 | 2024 12 18 | $390,000 | Council approved | |
 | 0.15 km | 3 | 1 | 110m2 | 2024 11 19 | - | Council approved | |
 | 0.10 km | 3 | 1 | 79m2 | 2024 10 30 | $441,000 | Council approved | |
 | 0.15 km | 4 | 2 | 180m2 | 2024 09 12 | $767,500 | Council approved | |
 | 0.15 km | 4 | 180m2 | 2024 09 02 | $767,500 | Council approved |