1/98 Mathesons Road, Phillipstown, Christchurch

Nestled in the serene cul-de-sac of Mathesons Road, this 1970-built residential unit boasts a cross-lease title. The 60sqm floor area is partitioned into two bedrooms, one bathroom, and a single car park. The property features concrete walls in good condition and an iron roof, also well-maintained. It's a perfect blend of modern comforts, including a heat pump for all-season coziness. With a CV of $275,000 as of August 2022, this property has seen a remarkable increase of 71.875% from its 2019 CV of $160,000. The latest sale in 2019 was for $165,000, while the current HouGarden AVM stands at $255,000.

In terms of investment, this property presents a golden opportunity with its swift capital value growth. The location adds further value, being within walking distance to the CBD and the new stadium, ensuring a promising future for this property's worth.

For families with school-going children, the property falls within the zones of several reputable schools. Middleton Grange School, with a decile rating of 9, caters to Years 11-13. Other schools in the area include Linwood Avenue School, Te Waka Unua School, Hillview Christian School, Christchurch Adventist School, Hagley Community College, Marian College, and Te Aratai College, all with varying decile ratings, offering diverse educational options.

Updated on July 09, 2024