21 Norrie Street, Redwood, Christchurch

Nestled in the serene cul-de-sac of Norrie Street, Redwood, Christchurch, this freehold property boasts a generous land area of 653sqm and a floor space of 132sqm. Constructed in 1962 with concrete walls and tiled roof, the dwelling maintains an average condition both inside and out. It features 4 bedrooms, 2 car parks, and has seen a notable Capital Value (CV) increase of 44.8% from $435,000 in 2019 to the current $630,000 as of August 2022. The property is not only compliant with Healthy Homes standards but also presents a versatile layout with 2 lounges, a north-facing conservatory, and a separate laundry and toilet, making it an ideal family home.

With a HouGarden AVM of $632,500 and a latest sale history in 2002 for $152,000, this property offers a golden opportunity for both first-home buyers and investors. The CV growth and the property’s potential for value addition are clear indicators of a sound investment. Its strategic location near a multitude of schools, including Christ the King School and Villa Maria College, both with high decile ratings, further enhances its appeal for families seeking quality education.

For those with children, the property falls within a highly sought-after school zone. It is in close proximity to several well-regarded institutions, including the decile 9 Christ the King School and the decile 9 Villa Maria College, ensuring access to a comprehensive education network. This, coupled with the property’s spacious layout and prime location, makes it a perfect blend of comfort, convenience, and potential for growth.

Updated on October 02, 2024