Nestled in a serene cul-de-sac at 2/37 Prestons Road, Redwood, Christchurch, this 1970-built, cross-lease property boasts 3 bedrooms, 1 bathroom, and a single carpark. Constructed with durable concrete walls and an iron roof, the average-conditioned home sits on a level contour with a floor area of 100 square meters. The current government valuation of $425,000 reflects a significant increase of 60.38% since 2019, while the HouGarden AVM estimates it at $407,500.
With a rich history of value appreciation, the property's recent sale history and rapid capital value growth make it an attractive investment. The potential for further improvement and value addition is immense, especially with its proximity to Redwood Primary school and easy access to amenities and public transport.
Education opportunities are abundant, with schools like Christ the King School (Decile 8) and Villa Maria College (Decile 9) in the zone. Other notable institutions include Middleton Grange School, Emmanuel Christian School, and Papanui High School, all within reach. This home is perfect for DIY enthusiasts, investors, and first-time buyers looking to capitalize on a promising property market.
Updated on October 07, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 3 | 1 | 122m2 | 2024 12 05 | - | Council approved | |
 | 0.16 km | 3 | 1 | -m2 | 2024 11 29 | - | Council approved | |
 | 0.14 km | 3 | 1 | 220m2 | 2024 10 24 | - | Council approved | |
 | 0.18 km | 4 | 1 | 122m2 | 2024 07 17 | - | Council approved | |
 | 0.18 km | 4 | 1 | 122m2 | 2024 07 17 | - | Council approved |