2/483 Gloucester Street, Linwood, Christchurch

Nestled in a serene cul-de-sac of Linwood, Christchurch, this cozy 1-bedroom unit at 2/483 Gloucester Street boasts an ownership type of Cross-Lease. Constructed in 1967 with concrete walls and an iron roof, both in average condition, this residential property offers a floor area of 60m2 and a single carpark. The property's Capital Value (CV) has seen a dramatic increase of 64.71% from $170,000 in August 2019 to $280,000 as of August 2022. The latest sale history includes transactions in 2013 and 2004, with the latter being only $90,000, showcasing the property's significant appreciation over the years. The HouGarden AVM estimates the property's value at $270,000, making it an attractive investment opportunity.

For families with school-aged children, the property falls within the zones of several reputable schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Hagley Community College (Decile 6), among others. This ensures access to quality education for your loved ones.

Centrally located, the unit is mere minutes away from New World Supermarket, Eastgate Shopping Centre, and the vibrant nightlife of the city center. With no body corporate fees and rental appraisal ranging from $350 to $380 per week, this property presents a golden opportunity for both investors and homeowners alike.

Updated on April 24, 2024