1/76 Nursery Road, Phillipstown, Christchurch

Nestled in the serene cul-de-sac of Nursery Road, this 1986-built residential unit boasts 2 bedrooms, 1 bathroom, and a single carpark. The 380sqm floor area is complemented by an iron roof and concrete walls in good condition. This cross-lease property at 1/76 Nursery Road, Phillipstown, Christchurch, offers a level contour and a spacious kitchen that flows into the separate lounge, opening to a NW-facing deck. The capital value has surged by 50%, from $300,000 in 2019 to $450,000 in 2022, with a HouGarden AVM of $437,500. Notably, the latest sales were in 1995 and 1996 for $87,500 and $86,000 respectively. Close to the Inner CBD, cafes, and public transport, it's zoned for top schools like Middleton Grange (Decile 9) and Marian College (Decile 8), making it an ideal investment or first home.

With a well-maintained block construction and aluminium joinery, this unit is currently tenanted for $380.00 per week, with the tenant keen to continue. Whether you seek a nesting place or a sound investment, this property on Nursery Rd is a superb choice!

Phillipstown's school network includes high-performing institutions like Linwood Avenue School (Decile 2), Te Waka Unua School (Decile 2), Hillview Christian School (Decile 7), and more. The educational opportunities, combined with the property's increasing capital value, present a promising future for both residents and investors.

Updated on July 18, 2024