Nestled at the corner of Peterborough and Madras Streets, this 3-bedroom, freehold property exudes historic charm with its 1900-built wooden exterior and iron roof. Currently valued at $730,000, the capital value has seen a rapid increase of 43.14% since 2019. The 130sqm floor area is complemented by a levelled 304sqm land, all set in a quiet cul-de-sac. The property's latest sale was for $715,000 in 2024, following a sale in 2015 for $482,000, reflecting a growing investment potential. The HouGarden AVM estimates the property at $710,000, making it an attractive opportunity in the Christchurch central property market.
For families, the property falls within the decile 9 Middleton Grange School zone and is close to several other well-rated schools, including Hillview Christian School and Marian College. This combination of prime location and educational excellence makes it a desirable address for those seeking a quality lifestyle.
With its rich history, versatile living spaces, and modern amenities like a heat pump, this property is not just a home but a piece of Christchurch's history. It invites visionary owners to restore it to its former glory or transform it into their dream home.
Updated on July 26, 2024