1/2 Loreto Place, Hornby, Christchurch

Nestled in the serene cul-de-sac of Loreto Place, this charming three-bedroom home exudes warmth and potential. Constructed in 1978 with concrete walls and tiled roof, the property stands firm with a good condition both inside and out. It boasts a floor area of 102 square meters and is part of a cross-lease ownership, complete with a carpark. The property has seen a significant Capital Value (CV) increase, rising from $345,000 in August 2019 to $500,000 in August 2022, marking a growth of 44.93%. The HouGarden AVM estimates the property at $495,000, while the latest sale was in 2003 for $176,000, highlighting the investment potential. The home is equipped with a heat pump, underfloor and ceiling insulation, and mostly double glazed windows, ensuring comfort all year round. It also features a separate double garage with an automatic door, and a low maintenance section, perfect for leisurely living. The location is prime, being close to Hornby Hub and major commuting routes.

For families, the property falls within a desirable school zone. It is close to highly-rated schools such as Villa Maria College (Decile 9), Hornby High School Years 7-8 (Decile 3), St Thomas of Canterbury College (Decile 8), and others, offering a range of educational options. This starter home is a sunny little gem that's ready to make someone's property dreams come true.

Updated on November 28, 2024