5 Erin Crescent, Mairehau, Christchurch

Nestled in the serene neighborhood of Mairehau, Christchurch, the property at 5 Erin Crescent is a testament to classic architecture and modern living. This freehold residential dwelling spans a floor area of 120 square meters on a generous land area of 607 square meters. Built in 1962, the house boasts 3 bedrooms and 2 carparks, with its walls constructed from concrete and a roof of tiles. Both the wall and roof conditions are rated as average, complementing the level property contour, making it an ideal family home.

The property has seen a significant appreciation in value, with the capital value soaring from $390,000 in August 2019 to $590,000 in August 2022, marking a 51.28% increase. The latest sale on February 13, 2024, fetched a price of $735,000, significantly higher than the HouGarden AVM of $562,500, indicating a strong market demand. This growth trajectory underscores the property's investment potential and desirability.

Education is a cornerstone of the Mairehau area, with the property zoned for several reputable schools. These include Middleton Grange School (Years 11 - 13) with a decile rating of 9, Emmanuel Christian School (Composite Year 1-10) rated at decile 8, and Mairehau High School (Secondary Year 9-15) at decile 4, among others. This diverse selection offers excellent educational opportunities for families with children of various ages.

Updated on April 05, 2024.