1/124 Harris Crescent, Papanui, Christchurch

Nestled in the serene Harris Crescent, this 3-bedroom, 1-bathroom residential dwelling is a charming 1960s red brick bungalow. With a floor area of 100 square meters, it sits on a level contour with a brick exterior and tiled roof, both in good condition. The property is under a Cross-Lease ownership and features a single carpark and a heat pump for climate control. The capital value has seen a significant increase of 44%, from $375,000 in 2019 to the current $540,000 as of August 2022. The latest sale was recorded at $400,000 in 2024, while the HouGarden AVM estimates the property at $542,500.

Educationally, the property falls within the catchment of several well-regarded schools, including Wairakei School with a decile rating of 6, Cobham Intermediate at 8, Christ the King School and St Patrick's School both at 8 and 10 respectively, and others. This makes it an ideal location for families with children of all ages.

With a rich history and potential for further growth, this property offers a golden opportunity for first-time buyers or investors looking to secure a piece of the thriving Papanui suburb. Whether you choose to make it your own or benefit from the current tenancy at $395.00 per week, this is a proposition not to be missed.

Updated on September 11, 2024