103/116 Stanmore Road, Linwood, Christchurch

Nestled in the heart of Linwood, Christchurch, this 83 square meter, 2-bedroom, 1-bathroom unit with a single car park at 103/116 Stanmore Road is a gem on the market. The 2018-built property features a mix of wall materials, an iron roof, and is under the Unit Title ownership. Both the walls and roof are in good condition, ensuring a low-maintenance living experience. The capital value has seen a significant increase from $390,000 in 2019 to $470,000 as of 2022, reflecting a growth of over 20%. This is an ideal investment that makes sense, whether for personal use or as a rental.

With a HouGarden AVM valuation matching the latest government CV of $470,000, the property also boasts a sales history that speaks of its desirability. The latest sale was recorded at $418,000 in 2021, following a sale at $415,000 in 2017. The owners are highly motivated to sell, presenting a fantastic opportunity for investors, first-time homebuyers, and young professionals.

For families with children, the property falls within the zones of several well-regarded schools. Middleton Grange School (Decile 9) and Marian College (Decile 8) cater to secondary students, while Hillview Christian School (Decile 7), Christchurch East School (Decile 3), and Hagley Community College (Decile 6) offer options for primary and secondary education. Te Aratai College (Decile 3) is also in the vicinity. This property not only promises a sound investment but also a lifestyle of convenience and quality education.

Updated on September 11, 2024