1/156 Springs Road, Hornby, Christchurch

Nestled in the serene Hornby, Christchurch, this 2-bedroom, 1-bathroom dwelling with a single carpark offers a blend of classic charm and modern convenience. Constructed in 1950, the property features roughcast walls and tiled roofing, set on a level contour with an average condition. It holds a Cross-Lease title, covering a floor area of 93 square meters. Here, you'll find a home that's not just a place to live, but also a promising investment, with a Capital Value (CV) that has seen a growth of 46% from $370,000 in 2019 to $540,000 in 2022.

With a HouGarden AVM of $535,000 and a history of sales at $360,000 in 2016 and $210,000 in 2006, this property presents a clear trajectory of value appreciation. The latest CV reflects a significant increase, highlighting the potential return on investment for the astute buyer.

For families with school-aged children, the property falls within the zones of esteemed institutions such as Villa Maria College (Decile 9), Hornby High School Years 7-8 (Decile 3), and St Thomas of Canterbury College (Decile 8), among others. This ensures access to quality education, a key highlight for many homebuyers.

Updated on November 07, 2024