11/272 Marine Parade, New Brighton, Christchurch

Discover the epitome of coastal living with this luxury penthouse located at 11/272 Marine Parade, New Brighton, Christchurch. This exquisite residence, nestled within a sought-after apartment complex, offers two bedrooms, a master bedroom with direct access to a shared bathroom and a private balcony boasting stunning sea views, and a separate office or third bedroom. The living area extends to a balcony with panoramic views of the ocean, complemented by quality fixtures and fittings throughout the 120m² floor area. The property also features two secure underground carparks, with the building constructed in 2007 showcasing concrete walls in good condition and an iron roof also in good condition. Ownership is under a Unit Title, emphasizing a lifestyle of luxury and security.

The property has seen a remarkable increase in capital value, from $270,000 in August 2019 to $700,000 in August 2022, marking a 159.26% growth. The latest sale recorded on January 10, 2024, was at $735,000, slightly above the HouGarden AVM of $670,000, indicating a strong market desire for such premium coastal properties. This penthouse not only promises a serene beachfront lifestyle but also stands as a wise investment with its rapid capital value appreciation.

Located in a prime school zone, this property offers access to a variety of educational institutions including Middleton Grange School (Years 11 - 13) with a decile rating of 9, and Hillview Christian School with a decile of 7, among others. Whether for families seeking quality education or investors looking at potential rental markets, this property's location ensures a broad appeal. Embrace the opportunity to live or invest in a place where every day feels like a vacation, surrounded by breathtaking views and top-tier schools.

Updated on April 06, 2024.