67a Maidstone Road, Ilam, Christchurch

Nestled in the heart of Ilam, this Residential - Ownership home unit at 67a Maidstone Road boasts a prime location, with 2 bedrooms, 1 bathroom, and a carpark. Constructed in 1960, the property features concrete walls in good condition and a tiled roof, both well-maintained. The capital value has seen a remarkable increase of 38.46% from $390,000 in 2019 to $540,000 as of 2022. The property is on TC1 land and is zoned for esteemed Burnside High School, making it an ideal investment for families. The latest sale was recorded at $400,000 in 2018, with a current HouGarden AVM of $525,000. This sun-soaked home includes a recently updated kitchen, generous living areas, and comes with partial Retro double glazing, a heat pump, and HRV system, offering both comfort and potential for personalization.

With a CV increase that outpaces the market and a history of solid sale prices, this property presents a compelling case for investors. It's not just the numbers that are impressive; the location is second to none, with easy access to the university, city, airport, shopping malls, parks, and amenities. The property falls within the catchment areas of several high-performing schools, including Ilam School, St Patrick's School, and Villa Maria College, to name a few.

Perfect for those who seek a balanced lifestyle, this property is ready for immediate possession and is expected to attract strong interest. The combination of a desirable address, quality construction, and a thriving community makes this an opportunity not to be missed.

Updated on July 18, 2024