131a Olliviers Road, Phillipstown, Christchurch

Nestled in a peaceful cul-de-sac on Olliviers Road, this 1999-built residential dwelling boasts 3 bedrooms, 1 bathroom, and a generous 5-car parking space. The 84sqm floor area is complemented by a level contour and well-maintained wood and iron construction for both walls and roof. As a cross-lease property, it offers a comfortable open-plan living, with a lounge slider opening to the private garden. Notably, the property has seen a significant Capital Value (CV) increase from $275,000 in 2019 to $460,000 in 2022, reflecting a growth rate of 67.27%. The latest sale was recorded at $465,000 in March 2024, a stark contrast to the $220,000 sale in 2013.

With a HouGarden AVM of $442,500, this property presents a lucrative opportunity. It's situated in a sought-after school zone, with Middleton Grange School (Decile 9) and Marian College (Decile 8) being the highlights. Other schools in the area include Linwood Avenue School, Hillview Christian School, Christchurch Adventist School, Hagley Community College, and Te Aratai College, catering to various educational needs.

Perfect for a young family or as an investment, this property is a 'first rung' on the property ladder. It comes with the added benefit of an EQC cash settlement, allowing the new owner to personalize the property. Don't miss out on this 'Cheeky Cheapie' that's ready for you to stamp your style on!

Updated on April 17, 2024