11 Vernon Terrace, Hillsborough, Christchurch

Nestled in the serene Hillsborough, Christchurch, this 161sqm residential dwelling on a 516sqm freehold section at 11 Vernon Terrace boasts 3 bedrooms, an incomplete second bathroom, and a cozy open plan living area. Constructed in 1950 with a mixed-material exterior and Malthoid roof in good condition, the property enjoys a North-Westerly aspect with views of the alps and shelter from easterlies. The capital value has surged by 50% from $460,000 in 2019 to $690,000 in 2022, with a HouGarden AVM estimate of $660,000. Notably, the property last sold for $137,000 in 2015 and $389,000 in 2006. The location is zoned for Cashmere High School, St Martins School, and several other top-rated educational institutions, making it an ideal investment for families. Don't miss this unique opportunity to own a piece of Hillsborough.

With a heat pump, underfloor heating in three zones, and a lock-up garage, this home is perfect for those seeking a project to transform into a haven. The current owner, bound for Australia, has completed most repairs, including foundation leveling, with reports available online. This property is a gem waiting for the final touches to shine.

Educationally, the property falls within the zones of esteemed schools such as Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more. The school network ensures quality education for all ages.

Updated on April 26, 2024