1/7 Apollo Place, Papanui, Christchurch

Nestled in the serene cul-de-sac of 1/7 Apollo Place, Papanui, Christchurch, this residential ownership home unit boasts a comfortable living space with 2 bedrooms, 1 bathroom, and a single car park. Constructed in 1971 with iron roofing and concrete walls in average condition, the property sits on a level contour and is held under a Cross-Lease title. The government's capital value (CV) has seen a significant increase from $315,000 in August 2019 to $455,000 in August 2022, reflecting a growth of 44.44%. The HouGarden AVM estimates the property's value at $437,500, while the latest sale records from 2011 and 2004 indicate a progressive appreciation in value.

With a prime location in a desirable school zone, the property is in close proximity to Christ the King School (Decile 8), Heaton Normal Intermediate (Decile 9), and Villa Maria College (Decile 9), among others. These educational institutions offer a range of options for families with children of different ages.

Perfect for downsizers, first-time buyers, or investors, this charming townhouse presents a cozy living area, a combined dining space, and a functional kitchen. The internal access to the single car garage adds convenience and security. Given the property's CV growth and the sought-after school network, it's a solid investment opportunity in the heart of Papanui.

Updated on October 11, 2024