1/9 Ngaio Street, Saint Martins, Christchurch

Nestled in the serene Ngaio Street of Saint Martins, Christchurch, this 156sqm residential dwelling on a cross-lease title boasts 5 bedrooms and 2 car parks. Constructed in 1920 with wood walls and iron roofing, both in good condition, this property exudes a charming vintage appeal. The capital value has seen a significant increase of 60%, jumping from $500,000 in 2019 to the current $800,000, echoing the HouGarden AVM of $780,000. The latest sale was recorded on July 13, 2022, at $700,000, indicating a prime investment opportunity.

With a desirable school zone that includes high decile institutions such as Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, and Cashmere High School, this property is perfect for families with academic aspirations. The area also boasts primary and composite schools, ensuring a comprehensive educational environment for all ages.

Not only is the property strategically located near educational amenities, but it also offers the convenience of being close to shopping, transport, and recreational facilities. The well-maintained flat with its functional layout, heat pump heating, and a private, fenced outdoor area is an ideal choice for downsizers, first-home buyers, and retirees looking for a slice of paradise in a prime location.

Updated on August 12, 2024