2/12 Shrewsbury Street, Merivale, Christchurch

Nestled in the serene Tonbridge Mews, a quiet cul-de-sac in Merivale, Christchurch, lies this inviting 2-bedroom, 1-bathroom townhouse. Constructed in 1974 with concrete walls and an iron roof, this cross-lease property sits on a level contour and boasts an average wall and roof condition. It features a heat pump, a single carpark, and a floor area of 90 square meters. The property's government capital value has seen a rapid increase from $470,000 in August 2019 to $680,000 in August 2022, marking a growth of 44.68%. The latest sale was recorded at $271,500 in June 2019, while the HouGarden AVM estimates the property's value at $622,500.

With its prime location, the property falls within the zones of highly regarded schools such as Burnside High School with a decile rating of 8, St Patrick's School at Bryndwr with a decile of 10, and Christchurch Boys' and Girls' High Schools, both at decile 10 and 9 respectively. This makes it an ideal investment for families seeking quality education for their children.

Occupying a leafy setting, the townhouse has undergone modernizations, offering an open-plan kitchen, dining, and living area that seamlessly connects to a sunny outdoor courtyard. Upstairs, the accommodations provide separation from the living spaces, with a generous master bedroom, second bedroom, and a bathroom accompanied by additional storage. This property is a compelling offer for those looking to enter the property market in a blue-chip location or add to their investment portfolio.

Updated on December 13, 2024