18 Herdman Street, Hoon Hay, Christchurch

Nestled in the serene cul-de-sac of Herdman Street, this 1970-built, 3-bedroom, 1-bathroom residential dwelling on a freehold title is a gem for any homeowner or investor. The property boasts a concrete exterior, a robust tile roof in good condition, and a levelled contour on a 663m2 plot. Inside, the galley-style kitchen and separate lounge offer a warm, inviting atmosphere, while the spacious floor area of 109m2 provides ample room for family life. With a capital value of $530,000 as of August 2022, this property has seen a CV increase of 51.43% since August 2019, reflecting its growing investment potential. The latest sale history shows a transaction at $467,000 in December 2020, and a prior one at $312,000 in December 2015, indicating a consistent rise in value. The HouGarden AVM estimates the property at $510,000, making it an attractive opportunity in the market.

For families with school-aged children, the property falls within the zones of esteemed institutions such as Villa Maria College and St Thomas of Canterbury College, both secondary schools with high decile ratings. Other nearby schools include Middleton Grange, Aidanfield Christian, Hillmorton High, Christchurch Adventist, and Hagley Community College, catering to diverse educational needs. This property not only promises a quality education for your children but also a sound investment for your future.

Whether you seek a cozy first home or a wise investment, this property is a cracker of an opportunity. It's a chance to add value and watch your investment grow, all while enjoying the convenience of a central Hoon Hay location, with easy access to the CBD and local amenities.

Updated on October 24, 2024