12b Mary Street, Papanui, Christchurch

Nestled amidst million-dollar properties in the esteemed suburb of Papanui, Christchurch, stands a charming 2-bedroom, freehold residence at 12b Mary Street. Constructed in 1990 with robust brick walls and an iron roof in good condition, this 130m2 home sits on a level, 386m2 section. It boasts a renovated interior, including a modern kitchen, large bathroom, separate laundry, and double-glazed bedrooms. The property's Capital Value (CV) is $760,000, with a rapid increase over the years. Recently sold for $625,000 on May 10, 2024, it shows a promising investment with a CV growth rate. The HouGarden AVM estimates it at $730,000, making it an attractive opportunity for homebuyers. This residence is not just a home but a lifestyle upgrade, particularly for families, with sought-after school zones including Paparoa St School, St Joseph's School, Heaton Normal, and Papanui High School.

History shows a consistent rise in the property's value, reflecting its appeal and the area's desirability. The latest sale and AVM figures indicate a strong market presence for this standalone house, which offers a secure, lock-and-leave lifestyle. Its convenient location, coupled with the quality education provided by the nearby schools, makes it an ideal choice for a variety of buyers, from young professionals to retirees and small families.

With a tranquil setting in a quiet cul-de-sac, this property provides a peaceful retreat while being close to everything you need. The double internal access garage, complete with carpeting and shelving, adds to the practicality of this already spacious home. Whether you have a green thumb or simply appreciate the privacy and convenience, this property is a gem not to be missed.

Updated on October 31, 2024