7/267 Pages Road, Wainoni, Christchurch

Nestled in the serene cul-de-sac of Pages Road, Wainoni, Christchurch, this residential ownership home unit boasts a practical layout with 2 bedrooms, 1 bathroom, and a floor area of 57 square meters. Constructed in 1960 with a mix of concrete walls and iron roofing, this cross-lease property is a perfect blend of classic charm and modern convenience. The absence of body corporate fees adds to the appeal, making it an ideal choice for first-home buyers or investors seeking a solid entry-level investment with a promising return. Notably, the capital value has seen an impressive increase of 8.33% from $180,000 in 2019 to $195,000 as of 2022, closely mirroring the HouGarden AVM of $185,000. The latest sale history is a testament to its value, with a sale price of $155,000 in 2020 and $130,000 in 2006.

For families with children, the property falls within a desirable school zone. Middleton Grange School, a composite school with a decile rating of 9, is among the many reputable educational institutions in the area. Others include Hillview Christian School (decile 7), Chisnallwood Intermediate (decile 5), Haeata Community College, Hagley Community College, Marian College, and more. This educational hub ensures a quality education for children of all ages.

Unit 7, located upstairs in a block of 8, offers a bright and sunny living area that opens to a small balcony with hill views. The two spacious double bedrooms come with built-in wardrobes and drawers, providing ample storage. With convenient shopping nearby and the Cowles Basketball Stadium just across the road, this property offers both comfort and convenience. At a declared reserve of $169,000, this property presents a rare opportunity that should not be missed.

Updated on October 03, 2024