1/40 Macaulay Street, Addington, Christchurch

Nestled on the serene Macaulay Street in Addington, Christchurch, this modern two-storey townhouse boasts 3 bedrooms, 2 bathrooms, and a single carpark. Constructed with a robust iron roof and fibrous cement walls, this 137sqm unit on a level contour is a prime example of a well-built home from 2010. It holds a Unit Title, ensuring privacy and security. The property has seen a significant Capital Value (CV) increase of 41.57% from $445,000 in 2019 to the current $630,000 in 2022. The latest sale was recorded at $595,000 in 2024, showing a continuous appreciation of the property's worth. The HouGarden AVM estimates the property's value at $587,500, making it an attractive investment.

With a CV growth that outpaces the market average, this townhouse is not just a home but a sound financial investment. The property's location is further enhanced by its proximity to high-decile schools such as Villa Maria College (Decile 9) and Middleton Grange School (Decile 9), ensuring access to quality education. Other nearby schools include St Thomas of Canterbury College (Decile 8) and Hillmorton High School (Decile 4), catering to various educational needs.

Enjoying the benefits of a quiet cul-de-sac, this residence is perfect for professionals or families. It features an open-plan living area with a heat pump, a spacious kitchen with stainless steel appliances, and ample storage. The upstairs master bedroom comes with an ensuite and a walk-in wardrobe, while the other two bedrooms are also generously sized. The family-sized bathroom and a fully fenced grassed area add to the appeal. This townhouse is not only a comfortable living space but also a wise investment in a sought-after school zone.

Updated on June 05, 2024