5/16 Hurley Street, Christchurch Central, Christchurch

Welcome to 5/16 Hurley Street, Christchurch Central, a brand-new townhouse nestled in the heart of the city. This property boasts 2 bedrooms, 1 bathroom, and a floor area of 80m² on a 77m² freehold land parcel. The exterior features mixed materials walls in good condition and an iron roof, also in good condition, reflecting its 2023 construction. The property contour is described as easy/moderate rise, making it an attractive choice for those seeking a blend of modern living and convenience.

The townhouse has seen a capital value increase, starting at $600,000 as of August 2022. Despite a recent price reduction to $574,500, the HouGarden AVM estimates its value at $587,500, indicating a strong investment potential. Rental assessments project a weekly income of $550-$560, highlighting its appeal as a lucrative rental property or a comfortable urban home.

Located in a prime school zone, this property offers access to a range of educational institutions including Middleton Grange School (decile 9), Hillview Christian School (decile 7), and Marian College (decile 8), among others. Its location in a quiet cul-de-sac ensures a peaceful living environment, while still being conveniently close to city amenities such as restaurants, libraries, and entertainment venues. This townhouse represents a unique opportunity for both investors and homebuyers alike.