2/56 Saint James Avenue, Papanui, Christchurch

Located at 2/56 Saint James Avenue, Papanui, Christchurch, this residential property offers a unique blend of comfort and convenience. Featuring 2 bedrooms, 1 bathroom, and 1 carpark, this townhouse spans a floor area of 120m². Constructed in 1976 with concrete walls and tile roofing, both in good condition, it sits on a level cross-lease section. The property is part of a complex that ensures privacy with its north-facing courtyard, ideal for indoor-outdoor living. Recent upgrades include double-glazing, new flooring, and LED lighting, enhancing the home's warmth and security.

The property has seen a significant increase in capital value, from $360,000 in August 2019 to $560,000 in August 2022, marking a 55.56% growth. The HouGarden AVM estimates its value at $537,500. Its latest sale was in February 2024 for $585,000, following a previous sale in October 2021 for $540,000. This demonstrates a strong market interest and potential for further capital gains.

Education is a priority in this area, with access to top-rated schools such as Cobham Intermediate, Christ the King School (Christchurch), and Villa Maria College, all boasting high decile ratings. The property is also within the zones of several other reputable schools, including Heaton Normal Intermediate, Middleton Grange School, and Papanui High School, catering to a wide range of educational needs from primary through to secondary levels.

Updated on April 05, 2024.