2/278 Memorial Avenue, Burnside, Christchurch

Nestled in a serene cul-de-sac at 2/278 Memorial Avenue, Burnside, Christchurch, this 190sqm, 5-bedroom townhouse with cross-lease ownership is a gem in a prime school zone. Constructed in 1983 with robust brick walls and tiled roof, both in good condition, the property exudes warmth and charm. The capital value has seen a remarkable increase from $600,000 in 2019 to $830,000 in 2022, a growth of 38.33%. The property, set on a level contour, boasts two carparks and a heat pump for comfort.

With a HouGarden AVM of $760,000 and a latest sale history of $393,000 in 2009, this property presents a lucrative opportunity. Notably, the previous sale in 2000 was for $247,000, indicating a consistent capital appreciation. The motivated seller is eager for an urgent sale, making this an unmissable chance for families, downsizers, or investors looking to add value.

Educationally endowed, the property falls within the zones of highly-rated schools such as Te Ara Maurea Roydvale School (Decile 10), Burnside High School (Decile 8), Cobham Intermediate (Decile 8), and more. This is an ideal setting for families seeking the best for their children's education, with easy access to a multitude of recreational facilities and the airport.

Updated on December 04, 2024