1/36 Barrowclough Street, Hoon Hay, Christchurch

Nestled in the serene Barrowclough Street, a quiet cul-de-sac in Hoon Hay, Christchurch, this residential unit boasts a promising ownership opportunity. Constructed in 1975 with concrete walls and tiled roofing, this 2-bedroom, 1-bathroom home with a single car park is set on a level contour. The property, with a floor area of 87sqm, is under a Cross-Lease title. Notably, the capital value has seen a rapid increase of 42.86% from $315,000 in 2019 to $450,000 as of August 2022. The latest sale was recorded in 1996 at $118,500. Currently valued at $442,500 by HouGarden AVM, this home is perfect for a handyman seeking their next project.

With a capital value growth that speaks volumes about its investment potential, this property is complemented by its proximity to esteemed educational institutions. The Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, and Aidanfield Christian School are among the secondary and composite schools in the area, each with a decile rating that signifies a high standard of education. The Hillmorton High School and Christchurch Adventist School also contribute to the robust educational options in the zone.

As for the property itself, it features an open-plan kitchen, dining, and living area, a heat pump, and a log fire for cozy winters. The large wet floor bathroom, separate toilet, and laundry complete the picture. Entertaining family and friends in the private, sunny front garden area will be a joy during the summer months. This home, having been with the same owner for 25 years, is now looking for someone willing to take on renovations and transform it into a gem.

Updated on August 15, 2024