141 Union Street, New Brighton, Christchurch

Nestled in the heart of New Brighton at 141 Union Street, this charming residential dwelling on a freehold section of 508sqm boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1920 with wood walls and a fibrous cement roof, both in average condition, the property features a level contour and a floor area of 76sqm. The highlights include a versatile studio, perfect for a home office, and spacious open plan living areas that open to a large deck, ideal for entertainment. It's equipped with new carpet, a DVS system, wood fire, and a heat pump. The property also enjoys a landscaped section and is in close proximity to the beach, the river walk, and the iconic Pier.

With a Capital Value (CV) of $540,000 as of August 2022, this property has seen a remarkable increase of 92.86% from its $280,000 CV in August 2019. The HouGarden AVM estimates the property's value at $505,000. Notably, the latest sale was recorded at $368,000 in February 2020, following a sale of $230,000 in September 2010. This indicates a promising investment opportunity with a rental assessment of $530-570 per week.

For families, the property falls within the zones of esteemed schools such as Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), Shirley Boys' High School (Decile 6), Avonside Girls' High School (Decile 6), and South New Brighton School (Decile 6), among others. This property presents a perfect blend of convenience, comfort, and potential for both first-home buyers and investors.

Updated on July 09, 2024