1/5 Camrose Place, Ilam, Christchurch

Nestled in the serene Camrose Place, this 2-bedroom, 1-bathroom unit with a single carpark is a gem in the Ilam neighborhood of Christchurch. Constructed in 1975 with concrete walls and tiled roof, both in good condition, this cross-lease property offers a level contour and a floor area of 103 square meters. The capital value has seen a significant increase from $345,000 in August 2019 to $470,000 in August 2022, reflecting a growth of 36.23%. The property is situated in a quiet cul-de-sac, providing a peaceful atmosphere among other quality homes, with local shops nearby for convenience.

With a current HouGarden AVM of $437,500 and a latest sale recorded on May 31, 2016, for $347,000, this property presents a sound investment opportunity. The government valuation history and the rising capital value indicate a promising future for this property's worth.

For families with children, the property falls within the zones of several reputable schools, including Avonhead School (Decile 7), St Patrick's School (Bryndwr) (Decile 10), Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Riccarton High School (Decile 6), Middleton Grange School (Years 11 - 13) (Decile 9), Christchurch Adventist School (Decile 5), and Hagley Community College (Decile 6), ensuring access to quality education.

Updated on May 15, 2024