4/524 Armagh Street, Linwood, Christchurch

Nestled in a serene cul-de-sac at 4/524 Armagh Street, Linwood, Christchurch, this residential ownership home unit boasts a charming layout with 2 bedrooms, 1 bathroom, and a carpark. Constructed in 1974 with a fibrous cement exterior and tiled roof, the property presents an average wall condition and a good roof condition. The 50 square meter floor area is complemented by a level contour, providing a comfortable living space. Notably, the capital value has seen a significant increase of 62.16% from $185,000 in 2019 to $300,000 as of 2022, showcasing a promising investment opportunity. The latest sale history includes a transaction at $239,100 in 2021, and an earlier one at $158,000 in 2009. HouGarden AVM estimates the property's value at $290,000, making it an attractive prospect for potential buyers.

With a cross-lease ownership type, this property is equipped with modern amenities such as a heat pump for year-round comfort and double glazing in the main bedroom. An HRV system is installed throughout to enhance indoor air quality. Its open-plan living with a light-filled kitchen is perfect for relaxation and entertainment, while the sheltered balcony offers a private retreat. Located on the city fringe, it benefits from proximity to supermarkets, bus routes, and the vibrant local life of cafes and river walks. The property falls within the zones of reputable schools such as Marian College and Te Aratai College, ensuring quality education for the family.

For investors or first-time buyers, this property represents an incredible chance to enter the market in a desirable location. The motivated sellers are relocating to Auckland, presenting a golden opportunity to secure this home at a great price. With a decile 9 Middleton Grange School and other well-rated institutions nearby, the property is not only an investment but also a foundation for a promising future.

Updated on October 04, 2024