8/10 Collins Street, Addington, Christchurch

Nestled at 8/10 Collins Street in the serene Addington, Christchurch, this residential ownership home unit boasts a freehold title and a CV that has seen a remarkable increase of 66.04%. The 2-bedroom, 1-bathroom unit with a single carpark, built in 2006, features an 80sqm floor area and is set on a 157sqm level plot. The brick exterior and tiled roof are both in good condition, while the open plan living spaces are double glazed and well-insulated. The property, currently under contract, has a HouGarden AVM of $412,500 and a latest sale price of $450,000, showing a significant appreciation from its previous sale in 2006 at $235,000.

With a capital value of $440,000 as of August 2022, up from $265,000 in August 2019, this property presents a wise investment. It is located in a prime position, with easy access to the CBD, Hagley Park, and local amenities. The property falls within the catchment area of several esteemed schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), making it an ideal choice for families.

Whether you're looking for a comfortable family home or a strategic investment, this property in a quiet cul-de-sac is a rare find at an unbelievable price point.

Updated on May 29, 2024