1/15 Chipping Lane, Redwood, Christchurch

Nestled in the serene cul-de-sac of Chipping Lane, this 2-bedroom, 1-bathroom unit with a single carpark presents an attractive opportunity for both homeowners and investors. Constructed in 1977 with concrete walls and tiled roofing, this cross-lease property stands firm with a good wall and roof condition. Spanning a floor area of 100sqm, it offers a functional layout complete with a heat pump and a cozy deck. The capital value has seen a significant increase, rising from $320,000 in 2019 to $475,000 in 2022, reflecting a growth rate of 48.4375%. The property is estimated at $455,000 by HouGarden AVM, with the latest sale recorded at $480,000 in 2024, a substantial jump from the previous sale of $220,000 in 2005.

For families with children, the property falls within a highly regarded school zone. Christ the King School and Villa Maria College, both with deciles of 8 and 9 respectively, are among the many esteemed educational institutions in the area. This ensures a quality education for children of all ages, from primary to secondary levels.

Located just a stone's throw away from the heart of Redwood, this property is not only convenient but also holds great potential for capital gains. With easy access to local amenities and arterial routes, it's a perfect blend of comfort, convenience, and investment value.

Updated on April 10, 2024