22 Railway Terrace, Templeton, Christchurch

Located at 22 Railway Terrace, Templeton, Christchurch, this original family home sits on a generous 1007sqm corner site, offering a unique opportunity for first home buyers or investors. Built in 1967, the property features three bedrooms, a spacious floor area of 106sqm, and comes with a freehold ownership type. The exterior boasts concrete walls in good condition and an iron roof, also in good condition. The property is level, making it ideal for outdoor activities and gardening. A large garage and workshop, numerous sheds, a greenhouse, and ample off-street parking enhance the appeal of this residence.

The property has seen a significant increase in capital value, from $395,000 in August 2019 to $590,000 in August 2022, marking a 49.37% growth. The latest sale in December 2023 recorded a price of $605,000, while the HouGarden AVM estimates the property's value at $562,500. This home represents an excellent opportunity for enhancement and value addition, with potential for subdivision.

Education is a priority, with the property being in the zone for several high-decile schools, including Villa Maria College (Decile 9), Templeton School (Decile 8), and St Thomas of Canterbury College (Decile 8). Other nearby educational institutions include Middleton Grange School (Decile 9), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), and Hornby High School Years 7-8 (Decile 3), offering a range of options for families.

Updated on April 06, 2024.