Nestled in the serene cul-de-sac of Worthy Street, Ilam, Christchurch, this 1950-built residential dwelling with cross-lease title is a gem. The property boasts a floor area of 110sqm, three bedrooms, and a carpark. Its exterior walls, crafted from wood, and tiled roof are in average condition. The capital value has seen a 50% increase from $420,000 in 2019 to the current $630,000. The latest sale was recorded at $625,000 in 2024, with a HouGarden AVM of $612,500, indicating a smart investment opportunity.
With a CV growth rate that outpaces the market, this property is not just a home but a sound financial decision. The recent insurance payout of $28,560 for drives and pathways adds further value to the purchase.
For families, the school network is a significant draw. Within reach are top-rated institutions such as Avonhead School (Decile 7), St Patrick's School (Decile 10), Villa Maria College (Decile 9), and more. This is not just a house; it's an investment in a lifestyle and education.
Updated on August 07, 2024