2/182 Simeon Street, Spreydon, Christchurch

Nestled in the serene Simeon Street, this 2-bedroom, 1-bathroom residence with a single carpark is a hidden gem. Constructed in 1960 with concrete walls and an iron roof, both in good condition, this cross-lease property offers a level contour and a floor area of 76 square meters. The property’s capital value has seen a remarkable increase from $300,000 in August 2019 to $486,000 in August 2022, showcasing a growth rate of 62%. The heat pump ensures year-round comfort, while the open plan living area extends to a private, north-facing courtyard.

With a HouGarden AVM of $445,000 and a latest sale recorded in 2006 for $179,000, this property presents an attractive investment opportunity. The location is particularly appealing, being adjacent to a local park and convenient to the city center and main arterial routes.

For families with school-aged children, the property falls within the zones of several high-performing schools, including Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more. This is a perfect blend of comfort, convenience, and quality education.

Updated on December 05, 2024