11/169 Fitzgerald Avenue, Christchurch Central, Christchurch

Nestled within the vibrant heart of Christchurch Central, at 11/169 Fitzgerald Avenue, lies a meticulously designed studio apartment. This ground floor unit, built in 1997, boasts a fibrous cement exterior and an iron roof, both in good condition. It offers 40 square meters of floor area, with a unit title and a convenient carpark. The interior has been thoughtfully enhanced with recent painting, new lighting, and flooring, creating a bright and spacious living area that can be divided into separate bedroom and lounge spaces. The bathroom, which includes laundry facilities, can be closed off for privacy. This established complex caters to city workers and presents an ideal 'lock up and leave' opportunity for investors and first-home buyers. The property has seen a significant Capital Value increase of 38.46% from $195,000 in 2019 to $270,000 as of 2022. The HouGarden AVM mirrors this figure, while the latest sales history shows a jump from $206,500 in 2019 to $350,000 in 2024, indicating a promising investment potential.

Government valuations reveal a consistent rise in the property's worth, reflecting the growing appeal of the area. The recent sale prices further emphasize the value of this property in a desirable location.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools. Middleton Grange School, a composite school with a decile rating of 9, is one of the many educational institutions in the vicinity. Other schools include Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Christchurch East School (decile 3), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College for Year 7&8 students (decile 3). These schools offer a diverse range of educational options for families.

Updated on November 27, 2024