Nestled in the vibrant heart of Sydenham, close to Christchurch's City Centre, this unit-titled property at 3/72 Orbell Street boasts a practical layout and convenient access via Orbell Street and Durham Street South. Constructed in 1983 with concrete walls and an iron roof, both in average condition, the property includes a north-facing warehouse, roller door, and 2 car parks. The capital value has seen a rapid increase of 30.5%, jumping from $295,000 in August 2019 to $385,000 in August 2022. The latest sale was recorded at $385,000 in March 2024, closely aligning with the HouGarden AVM estimate of $367,500.
With a floor area of approximately 170sqm, this industrial-service property is a gem for investors. The property falls within a desirable school zone, including Middleton Grange School (decile 9), Hillmorton High School (decile 4), and Christchurch South Karamata Intermediate (decile 8), among others, ensuring a quality education for the family.
Whether it's the promising capital value growth, the convenience of the location, or the reputable school network, this property is a secure investment opportunity in the heart of Sydenham.
Updated on April 17, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.46 km | 2 | 1 | 120m2 | 2024 04 16 | $450,000 | Council approved | |
0.47 km | 3 | 120m2 | 2024 03 25 | $450,000 | Council approved | |||
0.18 km | 3 | 102m2 | 2024 03 14 | $487,000 | Council approved | |||
 | 0.19 km | 2 | 1 | 100m2 | 2024 01 29 | $480,000 | Council approved | |
 | 0.41 km | 2 | 1 | 70m2 | 2024 01 29 | $412,000 | Council approved |