8/71 Brougham Street, Addington, Christchurch

Nestled in the heart of Addington, this well-appointed unit boasts a prime location and a lifestyle of convenience. The 110sqm floor area is graced with 3 bedrooms, 1 bathroom, and a carpark, all set on a unit title. Constructed in 1994 with quality brick walls and tiled roofing, this property is in good condition both inside and out. The capital value has seen a remarkable increase of 51.90% over the past three years, from $395,000 in 2019 to the current $600,000 as of August 2022. The latest sale price of $605,000 in November 2021 showcases the property's investment potential.

With a HouGarden AVM of $572,500, this property presents a solid investment opportunity. The government valuation growth reflects the area's desirability, and the property's rental income potential is further enhanced by its tenanted status until February 2025. The addition of a heat pump ensures year-round comfort, while the fully fenced outdoor area provides privacy and ease of maintenance.

For families with school-aged children, the property falls within the catchment of several high-performing schools, including Villa Maria College (Decile 9) and Middleton Grange School (Decile 9). Other nearby schools include St Thomas of Canterbury College (Decile 8) and Hillmorton High School (Decile 4), offering a range of educational options.

Updated on October 24, 2024