Nestled in the serene Buchanans Road, this 1970-built freehold property boasts a prime location in Hei Hei, Christchurch. The 4-bedroom, 2-carpark home sits on a level 607sqm land area with a floor space of 102sqm. Its exterior is adorned with brick walls and tiled roofing, both in average condition. The capital value has seen a remarkable increase of 42.86% from $385,000 in 2019 to $550,000 in 2022. Currently valued at $535,000 by HouGarden AVM, this property presents a golden opportunity for investors and families alike.
With a CV growth rate that outpaces the market average, this property's value is on the rise. The recent sale history and current valuation indicate a sound investment. Here, functionality meets comfort with a practical kitchen, a separate dining area leading to a sunny deck, and a family bathroom with a bath and separate shower. The spacious living area offers versatility for a growing family, while the ample backyard provides privacy, safety, and potential for further development.
For families with school-aged children, this property falls within the zones of several high-performing schools, including Villa Maria College (Decile 9) and Middleton Grange School (Decile 9). Other schools in the area include Hornby High School, Hornby Primary School, St Thomas of Canterbury College, and Hagley Community College, ensuring a range of educational options for all ages.
Updated on July 18, 2024