1/154 King Street, Sydenham, Christchurch

Nestled in the heart of Sydenham, Christchurch, this 2-bedroom, 1-bathroom unit with a single carpark presents an inviting opportunity for first-time homeowners or investors. Constructed in 1977 with concrete walls and an iron roof, both in good condition, this cross-lease property sits on level contours. The current Capital Value (CV) of $410,000 reflects a growth of 54.7% since 2019, showcasing its investment potential. The latest sale history points to a significant increase, from $295,000 in 2017 to $474,000 in 2024, while the HouGarden AVM estimates the property at $392,500.

With a CV increase that outpaces the market, this property is not just a residence but a sound financial investment. The tastefully refurbished kitchen and bathroom, spacious lounge, and low-maintenance artificial grassed courtyard with a deck for outdoor enjoyment, make it an ideal living space. Its convenient location, with easy access to local amenities and public transport, further enhances its appeal.

For families with children, the property falls within the zone of several high-performing schools, including Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Middleton Grange School (Decile 9). This adds to the property's already impressive list of highlights, making it an attractive prospect for those seeking quality education for their children.

Updated on April 17, 2024