2/50 Selwyn Street, Somerfield, Christchurch

Nestled in the charming suburb of Somerfield, Christchurch, this 2-bedroom, 1-bathroom unit with a single carpark is a delightful find. Constructed in 1976 with concrete walls and tiled roof, both in good condition, the property sits on a level contour. The floor area spans 100sqm, featuring an open plan kitchen, dining, and living area that bathes in sunlight, overlooked by the master bedroom that enjoys all-day sun. The unit boasts a refreshed bathroom, internal access garage with laundry, and a heat pump for year-round comfort. It is owned under a Cross-Lease title. The government capital value (CV) has seen a growth of 44.93% from $345,000 in 2019 to $500,000 in 2022. The HouGarden AVM estimates the property at $455,000, while the latest sales were at $530,000 in 2022 and $395,000 in 2021. This property falls within the catchment of several high-performing schools, including Villa Maria College (Decile 9) and Cashmere High School (Decile 9), making it an ideal investment for families.

What sets this property apart is its potential for further enhancement, making it an attractive prospect for first-time homebuyers, professional couples, investors, and retirees. The sunny and bright living spaces, delightful outdoor areas, and convenient access to local amenities and the city via public transport and cycle pathways add to the appeal.

With a CV of $500,000 and rates at $3,000.26, this property presents a golden opportunity in a sought-after school zone.

Updated on December 03, 2024