1/9 Valecrest Avenue, Parklands, Christchurch

Nestled in the serene Valecrest Avenue, a quiet cul-de-sac in Parklands, Christchurch, this 1976-built residential unit boasts 3 bedrooms, 1 bathroom, and a single carpark. The property, with a floor area of 100sqm, stands on a level contour, featuring concrete walls in good condition and a robust tile roof. It is governed by a Cross-Lease title. The capital value has seen a remarkable increase of 47.62% from $315,000 in 2019 to $465,000 in 2022. The latest valuation from HouGarden AVM estimates it at $432,500, while the latest sale records are from 2012 at $255,000 and 2006 at $195,000.

For families with school-aged children, the property falls within the catchment area of several well-regarded institutions, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), and Queenspark School (Decile 8). Other nearby schools include Shirley Boys' High School, Avonside Girls' High School, Christchurch Adventist School, Mairehau High School, Hagley Community College, and Marian College, catering to diverse educational needs.

Whether you seek an investment with great potential or a cozy first home, this property, with its prime location, warm ambiance, and easy access to amenities and recreational spaces, presents an excellent opportunity.

Updated on June 06, 2024