Nestled in the serene Shirley neighborhood of Christchurch on 32 Sabina Street, this charming 1940s family home sits on a generous 787m² freehold section. The property, with its wooden exterior walls and tiled roof, offers three bedrooms, one bathroom, a single carpark, and a floor area of 98m². The capital value has seen a remarkable increase from $375,000 in 2019 to $755,000 in 2022, reflecting a growth rate of 101.33%. The house, with average wall and roof conditions, presents a blank canvas for renovation enthusiasts or investors seeking a lucrative opportunity. Its potential is further enhanced by the HouGarden AVM estimate of $750,000 and a history of latest sales at $375,000 in 2017 and $327,500 in 2013.
For families with school-aged children, the property falls within the zone of several esteemed institutions. Middleton Grange School, catering to Years 11-13, is a composite school with a decile rating of 9. Other schools in the area include Emmanuel Christian School, Shirley School, Shirley Intermediate, Christchurch Adventist School, Mairehau High School, Hagley Community College, and Marian College, all offering a range of educational options. This property not only promises a convenient lifestyle, being a short stroll from The Palms Mall and public transport, but also a sound investment in a sought-after school zone.
With a spacious backyard and a large deck perfect for summer gatherings, this property is an ideal blend of quintessential Kiwi living and potential for future development. It's a golden opportunity waiting to be seized.
Updated on November 27, 2024