1/91 Maidstone Road, Ilam, Christchurch

Nestled in the heart of Ilam, Christchurch, 1/91 Maidstone Road presents a charming residential dwelling on a cross-lease title. This 1950s brick beauty with a tiled roof boasts 3 bedrooms, a modern bathroom, and a functional kitchen, complemented by a single carpark. The well-maintained property sits on a level contour, exuding warmth with new carpet, underfloor insulation, and a heat pump. The government's capital value (CV) has seen a rapid increase from $455,000 in 2019 to $630,000 in 2022, reflecting a growth of 38.46%. The HouGarden AVM estimates the property's worth at $602,500. This ideal location is zoned for top-rated schools such as Westburn Primary (Decile 9), Burnside High School (Decile 8), and more, making it an attractive proposition for families.

With a CV growth rate that outpaces the market average, this property offers a solid investment opportunity. The recent vacancy after 27 years of tenancy by the same family presents a unique chance to add personal touches and increase value. Its proximity to Canterbury University, shopping amenities, and a bus stop just 150 meters away adds to the appeal. This is a dream location for those seeking a renovation project that promises both comfort and potential returns.

For families with school-aged children, the property falls within the catchment area of esteemed educational institutions. Westburn Primary, Avonhead School, and St. Patrick's School in Bryndwr are among the excellent options, each with high decile ratings. This combination of location, property condition, and educational opportunities makes 1/91 Maidstone Road an unparalleled choice for those seeking a quality lifestyle.

Updated on April 12, 2024