Nestled on a sprawling 1,189m2 section at the end of a private driveway, within the desirable school zones of Heaton Normal Intermediate, Cobham Intermediate, and Burnside High School, this freehold property at 47b Aorangi Road, Bryndwr, Christchurch, is a gem for families. Constructed in 1952 with concrete walls in good condition and tile roofing in average condition, the residence boasts 4 bedrooms, 2 carparks, and a floor area of 172m2. The capital value has seen a significant increase from $670,000 in 2019 to $1,000,000 in 2022, reflecting a growth of 49.25%. The property's charm is enhanced by original 1950's features like timber floors, complemented by modern updates such as a ducted heating system and an upgraded open-plan kitchen. The outdoor entertaining area, sheltered for all weathers, and the expansive lawn with a playhouse cater to the young and adventurous. With a HouGarden AVM of $930,000 and a latest sale price of $860,000 in 2023, this property presents a rare opportunity in a prime location.
Boasting a rich history, the property's government valuation has shown a steady rise, reflecting its increasing desirability. The recent sale history and the HouGarden AVM further validate the property's worth, making it an attractive investment with a high capital value growth percentage.
For families with school-aged children, the property falls within the catchment area of top-rated schools, including St Patrick's School (Decile 10) and Waimairi School (Decile 9), ensuring access to quality education.
Updated on July 05, 2024