182 Grahams Road, Burnside, Christchurch

Nestled in the esteemed school zones of Burnside High and Cobham Intermediate, this versatile property at 182 Grahams Road, Burnside, Christchurch, offers a promising investment on a freehold section. Constructed in 1950 with wood walls and tiled roof, the dwelling boasts 3 bedrooms, 1 bathroom, and a generous living area equipped with a heat pump for all-season comfort. The property sits on a level 655sqm plot with a floor area of approximately 98sqm. Notably, the capital value has surged by 55.56% from $405,000 in 2019 to $630,000 in 2022, while the HouGarden AVM estimates it at $612,500. The latest sale history dates back to 2004 at $187,000, indicating significant appreciation. This is an ideal opportunity for renovation, redevelopment, or profit flipping in a sought-after educational precinct.

With a capital value growth that speaks volumes, this property presents a secure investment with a history of increasing government valuations. The HouGarden AVM reiterates the property's worth, making it an attractive prospect for potential buyers. The last sale in 2004 and the one prior in 2001 reflect a consistent upward trend in property values in the area.

For families with educational considerations, the property falls within the zones of several high-performing schools, including Burnside High School (Decile 8), Cobham Intermediate (Decile 8), and St Patrick's School (Bryndwr) with a perfect Decile 10 score. This makes it an invaluable asset for those seeking top-notch education facilities within walking distance.

Updated on August 27, 2024