16 Marlborough Street, Phillipstown, Christchurch

Nestled on a generous 654sqm freehold section at 16 Marlborough Street, Phillipstown, Christchurch, this charming 1926-built residence boasts 2 bedrooms, 2 carparks, and a sprawling 104sqm floor area. The home features wood exterior walls, tiled roofing, and an average condition throughout. With a capital value of $500,000 as of August 2022, it has seen a remarkable CV increase of 61.29% since August 2019. Historically, the property sold for $94,000 in 1996, and the current HouGarden AVM estimates it at $465,000, presenting a fantastic opportunity for potential investors.

On the valuation front, the property's CV growth outpaces the market average, indicating a sound investment with promising returns. This is further enhanced by the property's location within the RMD zone, which offers numerous future prospects for long-term investors.

For families with school-aged children, the property falls within the zones of several reputable schools, including Middleton Grange School (Decile 9), Marian College (Decile 8), and Hagley Community College (Decile 6), ensuring access to quality education. Other nearby schools include Linwood Avenue School, Hillview Christian School, Christchurch Adventist School, and Te Aratai College, catering to diverse educational needs.

Updated on May 17, 2024