8 Westmont Street, Ilam, Christchurch

Nestled in the esteemed Ilam neighborhood, 8 Westmont Street stands as a testament to comfortable living on a generous 809sqm of freehold land. This residential haven, with its two single-level buildings, boasts seven bedrooms, two bathrooms, and a carpark. Constructed in 1962 with concrete walls and an iron roof, both in good condition, the property exudes a sense of solidity and warmth. The main house, with its four double bedrooms, modern kitchen, and sunlit living area equipped with a heat pump, is complemented by an adjacent contemporary sleepout with three additional bedrooms and a double-glazed sanctuary.

From a financial perspective, the property has seen a significant Capital Value increase of 36.36% over three years, from $550,000 to the current $750,000. The HouGarden AVM estimates a value of $755,000, while the latest sales in 2024 and 2019 fetched $950,000 and $728,000 respectively. This investment opportunity is further enhanced by its rental potential, currently leased at $1,220 per week until November 2024.

For families with educational pursuits, the property falls within the zones of highly regarded schools such as Avonhead School with a decile of 7, St Patrick's School at Bryndwr with a perfect 10, and secondary institutions like Villa Maria College and St Thomas of Canterbury College, both with impressive decile ratings. This combination of location, quality, and growth potential makes it an unparalleled choice for investors and families alike.

Updated on September 18, 2024