3/80 Charles Street, Waltham, Christchurch

Nestled in the heart of Waltham at 3/80 Charles Street, this 2-bedroom, 1-bathroom unit with a single carpark presents an attractive opportunity for both homeowners and investors. Constructed in 1978 with a mix of concrete walls and tiled roofing, this unit title property sits on a level contour with a floor area of 70 square meters. The property has seen a significant Capital Value (CV) increase from $160,000 in August 2019 to $285,000 in August 2022, reflecting a growth rate of 78.125%. The recent update includes Double Glazing and HRV, enhancing the cozy living experience.

With a HouGarden AVM valuation of $280,000, the property has a history of being a solid investment, last sold for $110,000 in 2015 and $156,000 in 2006. Its location is a key highlight, being in the zone for top-performing schools such as Middleton Grange School (Decile 9) and Marian College (Decile 8), among others. This address is not only central to city and mall shopping but also offers easy access to a network of schools, making it an ideal family home.

For families with school-aged children, the property falls within the zones of Te Aratai College (Year 7&8), Waltham School, and Hillview Christian School, all offering diverse educational opportunities. The property's potential is clear, with scope for interior improvements to add value, and it has been well maintained by long-term tenants. This is an astute investment with great potential, ready for a new owner to capitalize on its many advantages.

Updated on August 12, 2024