6/16 Derby Street, Saint Albans, Christchurch

Located at 6/16 Derby Street, Saint Albans, Christchurch, this residential property is a testament to Peter Beaven's architectural brilliance. Built in 1993, the home features 2 bedrooms, a sun-filled kitchen with ample storage, and an open-plan living area that leads to a serene west-facing garden courtyard. The property is constructed with concrete walls in good condition and an iron roof also in good condition. It spans a floor area of 110 square meters on a level contour, under a Cross-Lease ownership type, with 1 carpark available. This home is not just a dwelling but a tranquil and secure haven nestled at the rear of a complex known for its unique, European-inspired design.

The property's capital value has seen a notable increase, from $400,000 in August 2019 to $490,000 in August 2022, marking a 22.5% growth. The latest HouGarden AVM estimates its value at $480,000. Historical sales data reveals a sale for $217,500 in June 2003 and $160,000 in March 1997. This property's potential is underscored by its steady capital value increase and its prime location within sought-after school zones.

Education is a priority, with the property falling within zones for top-rated schools including Burnside High School (decile 8), Heaton Normal Intermediate (decile 9), Christchurch Boys' High School (decile 10), and several others, ensuring a sound investment for families. Its proximity to the CBD, Victoria Street's dining and boutique shopping options, and the bustling hub of Merivale, further enhances its appeal.

Updated on March 22, 2024.