174 Marshland Road, Shirley, Christchurch

Nestled on a level plot at 174 Marshland Road, Shirley, Christchurch, this residential dwelling boasts a freehold title with a concrete exterior and tiled roof, echoing the sturdy construction of the 1960s. The property features 2 bedrooms, a generous floor area of 101 square meters, and a land size of 612 square meters, complete with 2 car parks. Notably, the capital value has seen a rapid increase of 49%, jumping from $370,000 in 2019 to $550,000 as of 2022, reflecting a sound investment opportunity. The latest sale history also testifies to this growth, with a sale price of $575,000 in 2024, up from $367,000 in 2015.

As for the property's valuation, the HouGarden AVM estimates it at $535,000, aligning closely with the market trends. This home's appeal is further enhanced by its location within a desirable school zone. The Middleton Grange School, catering to Years 11-13, is a composite institution with a decile rating of 9. Other schools in the area include Emmanuel Christian School, Shirley School, and Mairehau High School, each with their own unique educational offerings and decile ratings.

For investors with an eye on the future, this property not only presents a substantial CV increase but also offers the stability of being within a well-regarded school network, ensuring long-term value and appeal.

Updated on August 01, 2024