50b Murray Place, Saint Albans, Christchurch

Nestled in the esteemed Saint Albans, Christchurch, at 50b Murray Place, this freehold property is a charming residential dwelling. Constructed in 1970 with durable brick walls and tiled roof, the home sits on a levelled land area of 782sqm. It boasts 3 bedrooms, a single carpark, and a floor area of 151sqm. The property is in good condition both in walls and roof, presenting a promising opportunity for renovation. Notably, the capital value has surged by 56.04% from $910,000 in 2019 to $1,420,000 as of 2022, with a HouGarden AVM estimate of $1,407,500. The latest sale was recorded at $1,250,000 in 2024, indicating the property's consistent growth potential.

For families with school-aged children, the property falls within the catchment area of several high-performing schools, including Christ the King School (Decile 8), Heaton Normal Intermediate (Decile 9), and the renowned Christchurch Boys' High School (Decile 10). Other nearby schools include Villa Maria College (Decile 9), Elmwood Normal School (Decile 10), and Christchurch Girls' High School (Decile 9), ensuring access to a diverse range of educational options.

Occupying a prime location, this property offers a serene retreat in a quiet cul-de-sac, mere moments from the vibrant Merivale Mall. With its combination of a sought-after address, growth potential, and proximity to excellent schools, this home presents a golden opportunity for those seeking to invest in a property that promises both comfort and value.

Updated on November 06, 2024