124 Forfar Street, Mairehau, Christchurch

Nestled at 124 Forfar Street in the serene Mairehau, Christchurch, this residential ownership home unit boasts a freehold title. The property features 3 bedrooms, a single carpark, and a floor area of 131 square meters on a level land area of 173 square meters. Constructed with a mix of materials for the walls and iron for the roof, this 2024-built home is in good condition both inside and out. The capital value as of August 2022 is $780,000, reflecting a promising investment in a rapidly appreciating asset.

History shows a consistent rise in value, with the latest sale recorded on August 7, 2024, at $835,000, following a previous sale on May 23, 2023, at $815,000. The HouGarden AVM estimates the property's worth at $785,000, indicating a strong market position. The capital value growth percentage is a testament to the property's increasing desirability.

For families with children, the school zone is a significant draw. The local schools boast impressive decile ratings, ensuring a quality education for young ones. This property is not just a home; it's an investment in a bright future.

Updated on September 04, 2024