2/524 Armagh Street, Linwood, Christchurch

Nestled within a quiet complex of 8 units at 2/524 Armagh Street, Linwood, Christchurch, this residential ownership home unit boasts a practical layout with 2 bedrooms, 1 bathroom, and a carpark. Constructed in 1974 with concrete walls in average condition and tiled roof in good condition, the property sits on a level contour and is under a Cross-Lease title. The capital value has seen a significant increase from $185,000 in 2019 to $300,000 in 2022, reflecting a growth rate of 62.16%. The latest sales were in 1996 for $60,000 and 1994 for $53,000, while the current HouGarden AVM estimates it at $300,000.

For families with children, the property falls within the catchment area of several schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), Linwood North School (Decile 2), and more. The location provides easy access to a plethora of retail outlets and is a short ride away from the vibrant city center.

With a large heat pump, an open-plan kitchen and living area, and the potential for various room uses, this unit is ready for immediate occupation. It also comes with a single carport and a fully fenced, secure grassed courtyard. Investors or homebuyers looking for a sound investment and a hassle-free lifestyle will find this property well within reach.

Updated on November 05, 2024