417 Ilam Road, Bryndwr, Christchurch

Nestled on a prime site in Bryndwr, Christchurch, this freehold property at 417 Ilam Road boasts a charming 4-bedroom residence with a single carpark. Constructed in 1940 with brick walls and tiled roofing, it presents an average condition both inside and out. The property sits on a level contour, encompassing a floor area of 127m² and a generous land area of 736m². It's a perfect blend of classic charm and modern potential, with the added benefit of a one-bedroom studio/sleepout for additional space or rental income.

As for its financial allure, the capital value has seen a staggering increase of 77.32% from $485,000 in 2019 to $860,000 in 2022. The HouGarden AVM estimates it at $790,000, while the latest sale history shows a significant jump from $380,000 in 2007 to $680,000 in 2020. This property is not just an investment; it's a golden opportunity for capital growth.

When it comes to education, the property is zoned for a selection of decile 8-10 schools, including Burnside High, Christchurch Girls' and Boys' High Schools, St Patrick's School, and more. The school network is among the best in the region, ensuring top-notch education for the family. Located in a quiet cul-de-sac, with Fendalton Village nearby, convenience and tranquility are at the heart of this property's appeal.

Updated on December 16, 2024