149 Avonhead Road, Avonhead, Christchurch

Nestled in the serene Avonhead neighborhood on 149 Avonhead Road, this charming 4-bedroom, 2-carpark dwelling is set on a freehold section of 691 sqm. Constructed in 1950 with wood walls and an iron roof, both in average condition, this residential property offers a floor area of 142 sqm. The property's capital value has seen a rapid increase from $520,000 in 2019 to $720,000 as of 2022, reflecting a growth of 38.46%. The home features two living areas, renovated bathroom, separate toilets, and a practical kitchen, all kept comfortable year-round with 2 heat pumps and an electrical fireplace.

With a HouGarden AVM of $700,000 and a latest sale history in 2009 for $380,000, this property presents a credit of $19,451.22 to the purchaser on settlement for a previous insurance payout for the driveway. It is zoned for reputable schools such as Avonhead School and Riccarton High School, with easy access to Avonhead Mall, Avonhead Park, and Crosby Park. This home not only promises potential for further capital gain but also serves as an ideal investment opportunity for those seeking a steady cash flow, given its proximity to the university and the well-insulated, secure family living environment it provides.

Avonhead School is a Full Primary with a decile rating of 7, while Riccarton High School is a Secondary school with a decile rating of 6. The area also boasts other high-performing schools such as Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, Christchurch Adventist School, and Hagley Community College, making it an attractive proposition for families with school-aged children.

Updated on August 26, 2024