38 Castletown Place, New Brighton, Christchurch

Nestled in the serene Castletown Place of New Brighton, Christchurch, this delightful 2-bedroom, 2-carpark home boasts an attractive brick exterior and a robust iron roof, built in 1996. Enjoying a cross-lease title, this residence presents a floor area of 122 square meters, carefully maintained with good wall and roof conditions, creating a warm and inviting living space. The property's capital value has seen a significant increase, rising from $325,000 in 2019 to the current $520,000, reflecting a growth rate of 60%. This is further supported by the HouGarden AVM estimate of $525,000, indicating a promising investment opportunity.

Reflecting on its sales history, the property last exchanged hands for $306,500 in 2007, following a previous sale in 1996 for $149,000. The recent capital value growth underscores the property's increasing desirability within the market. This home is not just a haven of comfort but also a wise investment choice in a rapidly appreciating area.

For families with school-aged children, this property falls within the catchment area of several esteemed schools. Shirley Boys' High School and Avonside Girls' High School, both secondary schools with a decile rating of 6, are in close proximity. Rawhiti School, a full primary school with a decile rating of 3, is also nearby. Additionally, the area is home to Middleton Grange School, a composite school with a decile rating of 9, ensuring a high standard of education is within easy reach.

Updated on September 11, 2024