1/88 Studholme Street, Somerfield, Christchurch

Nestled in the esteemed suburb of Somerfield, this 2-bedroom unit at 1/88 Studholme Street boasts a prime location, zoned for Cashmere High & Christchurch South Intermediate Schools. Constructed in 1960 with concrete walls and an iron roof, both in good condition, this residential property sits on a level contour and is part of a cross-lease ownership. It features an open-plan living area, a bathroom with a shower and toilet, a single internal access garage, and two heat pumps. The capital value has seen a rapid increase of 36.36% from $330,000 in 2019 to $450,000 as of 2022, while the HouGarden AVM estimates it at $417,500. The latest sale was in 2000 for $110,000. This property is perfect for first-home buyers, investors, or retirees, and is located near parks, shopping centres, and Barrington Mall.

With a CV increase that outpaces the market and a quiet cul-de-sac setting, this unit presents an opportunity not to be missed. The fully fenced back garden includes a shed and a raised garden bed, adding to the appeal of this must-sell estate. The surrounding school network is impressive, with high decile ratings for Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, and more, making this a highly sought-after address for families.

Don't let this chance slip by to secure a piece of property in a thriving area with excellent educational facilities and convenient access to amenities.

Updated on May 24, 2024