74a Harrow Street, Phillipstown, Christchurch

Discover the ideal addition to your investment portfolio at 74a Harrow Street, Phillipstown, Christchurch. This freehold property features a 362m2 section with two double bedrooms, a generous open plan living area, a heat pump for comfort, a secluded outdoor living area, and a single internal access garage plus off-street parking. Constructed in 2004, the dwelling boasts brick walls in good condition and a tiled roof also in good condition, ensuring a sturdy and low-maintenance investment. The floor area spans 106m2, providing ample space for tenants or personal use.

Since 2019, the capital value of this property has surged from $300,000 to $455,000, marking a significant 51.67% increase. This growth is supported by a HouGarden AVM of $437,500 and a recent sale price of $450,000 in January 2024, demonstrating the property's strong market appeal. The property's rental history, currently at $400 per week, further underscores its potential as a lucrative investment.

Education is a priority, and this property is zoned for several reputable schools, including Middleton Grange School (decile 9), Linwood Avenue School (decile 2), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (decile 3), offering a range of educational options for families.

Updated on April 06, 2024.