1/48 Mathesons Road, Phillipstown, Christchurch

Located at 1/48 Mathesons Road, Phillipstown, Christchurch, this residential property offers a unique blend of comfort and convenience. Boasting 2 bedrooms, 1 bathroom, and a floor area of 79 square meters, this unit is perfect for first-time buyers or investors. The property is characterized by its fibrous cement walls and iron roof, both in good condition, ensuring durability and low maintenance. Built in 2022, this unit title property sits on a level contour, making it accessible and user-friendly. The absence of car parks is compensated by secure off-street parking, adding to the property's appeal.

From a financial perspective, the property has seen a significant increase in capital value, from $380,000 in August 2019 to $585,000 in August 2022, marking a 53.95% growth. The latest sale in January 2024 was at $499,000, indicating a steady market demand. The HouGarden AVM estimates the property's value at $557,500, highlighting its investment potential. With a rental appraisal of $475 per week, this property is not only a comfortable dwelling but also a lucrative investment opportunity.

The property is situated within the vicinity of several reputable schools, including Middleton Grange School (decile 9), Te Waka Unua School (decile 2), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (decile 3). This diverse range of educational institutions ensures that residents have access to quality education for all age groups, making it an ideal location for families.

Updated on April 06, 2024.