4/240 Kilmore Street, Christchurch Central, Christchurch

Nestled in the heart of Christchurch Central at 4/240 Kilmore Street, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1994 with roughcast walls and an iron roof, the property sits on a level contour with an average wall and roof condition. It's a cross-lease title, offering a floor area of 100 square meters. The capital value has seen a rapid increase from $350,000 in August 2019 to $510,000 in August 2022, reflecting a growth of 45.7%. The property is equipped with a heat pump for year-round comfort, and its north-facing aspect floods the living spaces with natural light.

With a HouGarden AVM of $515,000, the latest sale history includes a transaction in 2024 for $371,000 and another in 2016 for $288,000. These figures underscore the property's consistent capital appreciation. The description highlights the rarity of such an opportunity near the City Centre, with potential for adding value or simply enjoying the convenient location.

For families, the school zone is a significant plus. It's within the decile 9 Middleton Grange School, decile 7 Hillview Christian School, and decile 5 Christchurch Adventist School zones, among others. These educational institutions offer a range of options for students of different ages, ensuring a quality education within walking distance.

Updated on September 04, 2024