103/282 Madras Street, Christchurch Central, Christchurch

Nestled in the heart of Christchurch Central at 103/282 Madras Street, this stunning 2-bedroom, 1-bathroom apartment with a carpark, built in 2016, boasts an iron roof and concrete walls in good condition. It sits on a level contour with a floor area of 69 square meters. The unit title property has seen a rapid CV increase of 19.78% from $455,000 in 2019 to the current $545,000 as of August 2022. The latest sale was recorded on March 21, 2024, at the same CV price, while the HouGarden AVM estimates it at $525,000.

With a rental potential of $390 per week, this fully furnished apartment with power and uncapped fibre internet is perfect for short-term business accommodation or city-based professionals. It's located in a quiet cul-de-sac, with the vibrant CBD at your doorstep. The modern ensemble includes a heat pump, underfloor heating, and a European-style kitchen. Outside, a landscaped courtyard with a BBQ area overlooks the Margaret Mahy Reserve and the evolving cityscape.

Educationally, the property falls within the decile 9 Middleton Grange School zone, along with several other well-rated institutions like Hillview Christian School (decile 7) and Marian College (decile 8). This makes it an ideal investment for families with school-going children.

Updated on April 18, 2024