37 Lonsdale Street, New Brighton, Christchurch

Nestled in the serene Lonsdale Street of New Brighton, Christchurch, this freehold property is a charming coastal dwelling. Constructed in 1915 with wood walls and an iron roof, both in good condition, it offers 4 bedrooms, 2 bathrooms, and 3 car parks. The residence spans a floor area of 146 sqm on a levelled land of 531 sqm. The government's capital value (CV) has seen a dramatic increase from $330,000 in 2019 to $500,000 in 2022, showcasing a growth rate of 51.5%. The property's rear garden is valued at $465,000 by HouGarden AVM, and the latest sale was recorded at $565,000 in 2024, compared to $310,000 in 2018.

For families with school-aged children, the property falls within the catchment area of several esteemed institutions. Middleton Grange School boasts a decile rating of 9, while Emmanuel Christian School and Marian College are both rated decile 8. The proximity to these schools, along with others, makes this property an ideal choice for those seeking quality education.

With a gross yield of 6.29%, this property not only promises a peaceful beachside lifestyle but also presents a sound investment opportunity. It's a chance to own a piece of paradise where the convenience of amenities meets the soothing rhythm of the waves.

Updated on May 08, 2024