1/20 Studholme Street, Somerfield, Christchurch

Nestled in the coveted Studholme Street of Somerfield, Christchurch, this 1950-built residence on a cross-lease title boasts a charming facade crafted from mixed materials and a robust iron roof. The interior spans a generous 105 square meters, encompassing three well-sized bedrooms, a bathroom, and a functional layout that includes a living space conducive to family gatherings. The master bedroom extends to a deck that captures the golden hours of the day. With a CV of $650,000 as of August 2022, representing a 49.43% increase since 2019, this property offers a compelling investment opportunity. The exterior features a double carpark and an in-built pool for summer evenings, while the property's contour is level, ensuring ease of maintenance.

History shows a promising rise in the property's value, with the HouGarden AVM estimating it at $632,500. This, coupled with the recent sales history, points to a rapid capital value growth. The location is further enhanced by its placement in esteemed school zones, including the Villa Maria College (decile 9) and Cashmere High School (decile 9), ensuring top-notch education for growing families. Other schools in the area include St Thomas of Canterbury College (decile 8) and Middleton Grange School (decile 9), among others.

For families with children, the property falls within the catchment area of Somerfield Te Kura Wairepo (decile 8) and Christchurch South Karamata Intermediate (decile 8), providing a seamless educational journey. With a variety of cafes, restaurants, and local pubs at your doorstep and Somerfield Park and the Heathcote River nearby, this home is not just a residence but a lifestyle choice.

Updated on August 20, 2024