23 Patrick Street, Mairehau, Christchurch

Nestled in the serene environment of 23 Patrick Street, Mairehau, Christchurch, this charming residential property offers a promising investment opportunity. Constructed in 1952 with concrete walls and tiled roofing, the freehold dwelling sits on a level plot with a floor area of 108 square meters and a land area of 622 square meters. It boasts 2 bedrooms, a single car park, and a layout that includes a spacious lounge facing west, which seamlessly transitions into a neat open-plan kitchen and dining area. Outside, French doors lead to a garden that invites creative landscaping and potential extensions.

As for financials, the property's Capital Value (CV) has seen a significant increase from $395,000 in 2019 to $590,000 in 2022, reflecting a growth rate of 49.37%. The HouGarden AVM estimates the property's value at $562,500, while the latest sale records from 2024 indicate a transaction price of $542,000, following an earlier sale in 2020 at $416,500.

For families with children, the property falls within a desirable school zone. It is close to several well-regarded institutions such as Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Marian College (Decile 8), among others. This home not only promises a comfortable living environment but also a sound investment with excellent educational amenities nearby.

Updated on April 11, 2024