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Nestled in the serene Bayswater Crescent, this 1985-built, 2-bedroom, 1-bathroom residential unit with a roughcast exterior and tiled roof offers a comfortable living space of 70 square meters. As a cross-lease property, it provides a sense of community and shared ownership. The well-maintained walls and roof are in good condition, complementing the level contour of the land. Notably, the capital value has seen a significant increase of 62.26% from $265,000 in 2019 to $430,000 as of 2022, demonstrating strong growth potential. The property also boasts a private landscaped garden and a heat pump for energy-efficient heating.
With a HouGarden AVM of $412,500 and a history of sales at $190,000 in 2007 and $135,000 in 2004, this property presents an attractive opportunity for investors and homeowners alike. The latest government valuation reflects a thriving real estate market in the area.
For families with children, the property falls within the catchment area of several schools, including the well-rated Middleton Grange School (Decile 9) and Hillview Christian School (Decile 7). Other nearby schools include Bromley School, Christchurch Adventist School, Hagley Community College, Marian College, and Te Aratai College, catering to various educational needs and levels.
Updated on April 29, 2024
