46/868 Colombo Street, Christchurch Central, Christchurch

Nestled within the esteemed St Mary's complex, designed by the renowned Peter Beaven, this 1-bedroom, 1-bathroom apartment with a single carpark is a gem in the heart of Christchurch. The 53m2 unit, located at 46/868 Colombo Street, boasts an open-plan living space, a separate double bedroom with an ensuite, and is complemented by modern amenities including a fridge/freezer, dishwasher, microwave, mounted TV, and an electric fireplace. The Iron roof and Concrete walls, both in good condition, shelter this 1999-built home. As a Unit Title property, it offers the convenience of a cul-de-sac lifestyle, with cafes, bars, and shops mere steps away. The property's Capital Value has seen a staggering 35.09% increase from $285,000 in 2019 to $385,000 in 2022. The HouGarden AVM estimates it at $352,500, while the latest sale fetched $395,000 in 2024, up from $279,000 in 2016. This address falls within the highly sought-after school zones of Elmwood Normal School and Christchurch Boys' High, both Decile 10 institutions, ensuring a quality education for residents.

With a potential rental yield of approximately $400 per week, this property is an attractive investment opportunity. Its strategic location, coupled with the high-caliber school network, makes it a smart buy for professionals and investors alike. Embrace the city vibe and seize the chance to own a piece of Christchurch's thriving urban landscape.

Education takes center stage with this property, being zoned for top-performing schools such as Christchurch Boys' High and Elmwood Normal School. The area also offers a selection of other well-regarded educational institutions, catering to diverse educational needs and ensuring a bright future for the young ones.

Updated on December 04, 2024