2 Smith Street, Woolston, Christchurch

Nestled in the serene Woolston neighborhood at 2 Smith Street, this 1931-built property is a charming residential-income opportunity on a level 612m2 freehold site. The split-risk investment comprises a shop and a 3-bedroom house with 2 bathrooms, 3 carparks, and a large garage. Constructed with wood walls and an iron roof, both in average condition, the property offers a comfortable floor area of 170m2. The capital value has seen a remarkable increase of 35.42% from $480,000 in 2019 to $650,000 as of 2022. The latest sales were recorded at $495,000 in 2018 and $465,000 in 2013, with the current HouGarden AVM estimating $602,500. This property is in a prime school zone, with Middleton Grange School (Decile 9) and Marian College (Decile 8) being the notable institutions in the area.

As for the government's valuation, the property has appreciated significantly, reflecting a promising investment prospect. The HouGarden AVM further substantiates the value of this property, making it an attractive opportunity for potential buyers. The recent sales history showcases a consistent growth trend in the area's property values.

For families with school-going children, the property falls within the catchment area of several well-regarded schools. In addition to Middleton Grange and Marian College, there's Te Waka Unua School (Decile 2), Hillview Christian School (Decile 7), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), and Te Aratai College (Decile 3), providing a range of educational options.

Updated on July 04, 2024