4/133 Geraldine Street, Edgeware, Christchurch

Nestled on a quiet cul-de-sac in the heart of Edgeware, Christchurch, this 1973-built, 2-bedroom, 1-bathroom unit with a single carport is a gem for both first-time buyers and investors. The property, with a floor area of 60 square meters, boasts a mix of wall materials and a tiled roof in good condition. It sits on a level contour and is under a Cross-Lease ownership. The capital value has seen a significant increase of 48.98% from $245,000 in 2019 to $365,000 as of 2022, reflecting a sound investment opportunity. The HouGarden AVM estimates the property's worth at $357,500, while the latest sales history shows a growth from $85,000 in 1997 to $167,000 in 2011.

For families with school-aged children, the property falls within the zones of several reputable schools, including Middleton Grange School (Decile 9) and Emmanuel Christian School (Decile 8). Other nearby schools include Shirley School, Shirley Intermediate, Christchurch Adventist School, Mairehau High School, Hagley Community College, and Marian College, catering to various educational needs and levels.

Centrally located, the property is a short drive from the CBD, Edgeware village, Merivale, and The Palms Shopping Mall. It enjoys easy access to cycle lanes and the scenic Hagley Park. The unit features an open-plan kitchen, dining, and living area, secure parking, ample storage, a new hot water cylinder (2023), and a heat pump (installed in 2019). This is a chance to secure a delightful unit in a vibrant suburb with consistent demand for entry-level properties.

Updated on August 02, 2024