5 Teagarden Close, Mairehau, Christchurch

Located at 5 Teagarden Close, Mairehau, Christchurch, this residential dwelling boasts a freehold ownership type, with a floor area of 185 square meters and a land area of 500 square meters. Constructed in 2005, the property features 3 bedrooms, 2 carparks, and is built with brick walls and an iron roof, both in good condition. The property is situated on a level contour, highlighting its ease of access and potential for various landscaping or outdoor activities.

The capital value of this property has seen a significant increase, from $560,000 in August 2019 to $800,000 in August 2022, marking a 42.86% growth. The latest sale recorded was on February 3, 2024, for $840,000, up from $535,000 on January 5, 2015. The HouGarden AVM estimates the property's value at $790,000, indicating a strong market presence and potential for further capital gains.

This property is zoned for several reputable schools, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Emmanuel Christian School (Composite Year 1-10) with a decile of 8, and Marian College (Secondary Year 9-15) also with a decile of 8. Other schools within the zone include Christchurch Adventist School (decile 5), Mairehau High School (decile 4), Mairehau School (decile 6), and Hagley Community College (decile 6), offering a wide range of educational options for families.