171 Emmett Street, Mairehau, Christchurch

Located at 171 Emmett Street, Mairehau, Christchurch, this standalone, freehold property presents a prime first-home or investment opportunity. The dwelling, constructed in 1950 with concrete walls and tile roofing, spans a floor area of 115 square meters on a generous land area of 754 square meters. It features 3 bedrooms, 1 bathroom, and a single carpark. The condition of both the wall and roof is average, and the property contour is level, offering a great canvas for potential enhancements.

The property has seen a significant increase in capital value, from $325,000 in August 2019 to $485,000 in August 2022, marking a 49.23% growth. The latest HouGarden AVM estimates the property's value at $475,000. Historical sales data reveals a sale for $307,000 in March 2014 and $96,000 in November 2001. This demonstrates a steady and robust appreciation in value, making it an attractive option for those looking to invest in a property with a proven track record of growth.

Education is well catered for, with a range of schools nearby, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Emmanuel Christian School (Composite Year 1-10) rated at decile 8, and several others catering to various educational needs. The property's location ensures access to quality education, making it ideal for families.

Updated on April 02, 2024.