1/9 Palamino Place, Woolston, Christchurch

Located in the serene neighborhood of Woolston, Christchurch, this immaculate property at 1/9 Palamino Place offers a peaceful retreat with its 2 bedrooms, 1 bathroom, and a single internal garage complemented by additional off-street parking. Built in the 1980s, the residence spans approximately 97m² in floor area on a level cross-lease section. The property boasts a brick exterior with tile roofing, both in good condition, and features a newly renovated kitchen as of September 2023, equipped with modern appliances and a sunny open-plan living/dining area that opens to a private patio. The landscaped sunny garden is perfect for entertainment, highlighting the property's ideal location for young couples working near the city fringe.

Over the years, the capital value of this property has seen a significant increase, from $275,000 in August 2018 to $445,000 in August 2022, marking a 61.82% growth. The latest HouGarden AVM estimates the property's value at $437,500. Historical sales data reveals a steady appreciation in value, with the property last sold for $280,000 in August 2018, a substantial rise from its $98,000 sale price in June 2002. This property is not just a home but a wise investment opportunity, with its value consistently on the rise.

The property is zoned for several reputable schools, ensuring quality education for residents. These include Middleton Grange School (Years 11 - 13) with a decile rating of 9, Te Waka Unua 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 (Year 7&8) with a decile rating of 3. This wide range of educational institutions caters to various educational needs and preferences, making it an ideal location for families.

Updated on March 26, 2024.