76 Trafalgar Street, Saint Albans, Christchurch

Nestled at 76 Trafalgar Street, Saint Albans, Christchurch, this purpose-built rental flat complex boasts 4 spacious one-bedroom units on a freehold land of 796sqm. Constructed in 1970 with concrete walls and tiled roof, the property maintains a good condition both in walls and roof. Each unit is well-insulated, enjoying warmth and sunshine, with northwest-facing courtyard gardens and accessible carports for convenience. The property has seen a Capital Value (CV) increase of 116.9% from $710,000 in 2019 to $1,540,000 as of 2022, with a HouGarden AVM of $1,500,000 and the latest sale at $1,436,000 in 2024. This investment opportunity is not only lucrative but also hassle-free, currently returning $78,000 per annum and never vacant, thanks to its high demand from quality tenants.

For families, the property falls within the decile 8 Christ the King School, decile 9 Heaton Normal Intermediate, and is in close proximity to several high-ranking secondary schools, including Villa Maria College, Christchurch Boys' and Girls' High Schools, all at decile 9 or 10. This makes it an ideal investment for those considering education in a top school zone.

With a prime location, just a stroll away from Edgeware Village and easy access to the CBD and Merivale Mall, these units are a golden opportunity for investors seeking a sound and profitable venture.

Updated on July 26, 2024