80 Gilberthorpes Road, Hei Hei, Christchurch

Nestled in the tranquil Hei Hei, this charming 3-bedroom, 1-bathroom home at 80 Gilberthorpes Road offers an inviting investment opportunity. Constructed in 1950 with concrete walls and an iron roof, this residence sits on a level contour with an average wall and roof condition. It boasts a combined living and dining area, a functional kitchen, and a cozy log-fire for the colder months. The property includes 2 car parks and a low-maintenance garden. It is tenanted with a rental return of $580 per week. The property holds a Cross-Lease title and has seen a significant Capital Value increase of 53.4%, from $365,000 in 2019 to $560,000 in 2022. The HouGarden AVM estimates the property's value at $552,500, while the latest sales were recorded at $355,000 in 2015 and $217,000 in 2005.

For families, the property falls within the catchment of several reputable schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8). Hornby High School (Decile 3) and Gilberthorpe School (Decile 2) are also in close proximity, offering a range of educational options.

With its ideal location, this property presents a golden opportunity for both investors and families seeking a slice of peaceful living in a rapidly appreciating area.

Updated on November 11, 2024