1/25 Third Street, Belfast, Christchurch

Located at 1/25 Third Street, Belfast, Christchurch, this charming residential dwelling offers a cozy living space with 2 bedrooms, 1 bathroom, and a carport for off-street parking. Spanning a floor area of 84m², the property is built with roughcast walls and an iron roof, both in average condition, dating back to 1920. The cross-lease title signifies a shared interest in the land, which is level and easy to maintain, despite having no specific land area attributed to it. Recent updates include a compliant fire until 2029, a new cylinder, heat pump, and underfloor and ceiling insulation, making it an attractive proposition for first home buyers, downsizers, or anyone looking for a comfortable home.

Over the years, the capital value of this property has seen a significant increase, from $315,000 in August 2019 to $470,000 in August 2022, marking a 49.21% growth. The latest sale recorded on February 11, 2024, was at $480,000, slightly above the HouGarden AVM of $450,000. This demonstrates the property's solid investment potential and its appeal in the current market.

The property is ideally situated within excellent school zones, offering a range of educational options. Nearby schools include Christ the King School (Christchurch) and Belfast School, both full primary schools with deciles of 8 and 7, respectively. For older students, Villa Maria College, a secondary school with a decile of 9, and Papanui High School, with a decile of 7, provide quality secondary education. Additional options include Middleton Grange School (Years 11 - 13), Emmanuel Christian School, St Joseph's School (Papanui), Christchurch Adventist School, Hagley Community College, and Marian College, catering to a wide range of educational needs and preferences.

Updated on April 05, 2024.