2/98 Office Road, Merivale, Christchurch

Located at 2/98 Office Road, Merivale, Christchurch, this residential property features 2 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 90m². Constructed in 1971 with concrete walls and tile roofing, the property is a Cross-Lease title within the 'Residential - Ownership home units' category. Despite its fair wall condition and poor roof condition, the property sits on a level contour, presenting a solid investment or living opportunity.

Over the years, the capital value (CV) of this property has seen significant growth, from $350,000 in August 2019 to $590,000 in August 2022, marking a 68.57% increase. The latest sale recorded on February 19, 2024, was at $620,000, up from $320,000 in January 2012. The HouGarden AVM estimates the property's value at $562,500, reflecting its potential in the current market.

The property is ideally located within excellent school zones, including Burnside High School, Christ the King School (Christchurch), and St Patrick's School (Bryndwr), all boasting high decile ratings. Other notable schools in the vicinity are Heaton Normal Intermediate, Villa Maria College, Christchurch Boys' High School, and Christchurch Girls' High School, among others, offering a range of educational opportunities for families.

Updated on April 04, 2024.