Nestled in the highly sought-after suburb of Papanui, Christchurch, this 2-bedroom, 1-bathroom residential unit with a single carpark presents an attractive opportunity. Constructed in 1973 with iron roofing and concrete walls in good condition, the property sits on a level contour. It boasts a floor area of 90 square meters and is under a Cross-Lease ownership. The capital value has seen a significant increase of 30.43% from $345,000 in 2019 to $450,000 in 2022. The property is valued at $450,000 by HouGarden AVM, with the latest sales recorded at $468,000 in 2024 and $465,000 in 2022.
With a prime location, the property is zoned for top-rated schools such as Christ the King School and St Patrick's School, both with a decile rating of 8 and 10 respectively. Other schools in the area include Waimairi Primary, Heaton Intermediate, and Villa Maria College, all with decile ratings of 9. The property is equipped with a heat pump for the winter months and features a private, low-maintenance garden at the rear.
Whether you're a first-time buyer, investor, or looking to downsize, this property offers a chance to secure a home in a conveniently located and desirable school zone.
Updated on September 04, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 2 | 1 | 110m2 | 2024 09 06 | - | Council approved | |
 | 0.25 km | 3 | 190m2 | 2024 09 03 | $817,000 | Council approved | ||
 | 0.24 km | 3 | 1 | -m2 | 2024 07 18 | - | Council approved | |
 | 0.21 km | 3 | 1 | -m2 | 2024 07 08 | - | Council approved | |
 | 0.26 km | 2 | 1 | 74m2 | 2024 06 19 | $448,000 | Council approved |