2/48 Main North Road, Papanui, Christchurch

Nestled in the heart of Papanui, this inviting three-bedroom, two-bathroom home is set on a quiet cul-de-sac, directly opposite Northlands Mall. Constructed in 1971 with robust concrete walls and tiled roofing, the property has been meticulously maintained by the same family for nearly a quarter-century. It offers a floor area of 117 square meters and is on a cross-lease title with a single carpark. The capital value has seen a rapid increase of 44.58% over the past three years, from $415,000 in August 2019 to $600,000 in August 2022. The latest sale in the area was for $585,000 in November 2024, while the HouGarden AVM estimates the property's value at $547,500.

For families with school-aged children, the property falls within the zones of several high-performing schools, including Christ the King School (Decile 8), St Patrick's School (Decile 10), Heaton Normal Intermediate (Decile 9), and Villa Maria College (Decile 9). This makes it an ideal investment for those seeking quality education in a vibrant community.

With ample storage, a well-kept section, and the potential for further enhancements, this property presents a golden opportunity for both investors and families looking to settle in a prime location.

Updated on December 18, 2024