10/70 Waltham Road, Sydenham, Christchurch

Nestled in the heart of Sydenham, Christchurch, this post-quake-built dual-key property at 10/70 Waltham Road boasts a promising investment opportunity. The 2017-built residence features 2 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 72 square meters. Constructed with a mix of materials for the walls and iron for the roof, this unit title property is in a good condition both inside and out. The property's capital value has seen a significant increase from $395,000 in 2019 to $570,000 as of August 2022, reflecting a growth of 44.30%.

With a HouGarden AVM of $562,500 and a latest sale record of $426,000 in 2015, this property offers a high yield of over 6%. It is located within a desirable school zone, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Hagley Community College (Decile 6), among others, making it an ideal choice for families.

Investors will be enticed by the property's potential for both rental income and capital gains, with its fully furnished status and prime location minutes away from Christchurch's CBD. The demand for such well-maintained rental properties is on the rise, and this property stands to benefit from the city's ongoing growth and revitalization.

Updated on November 14, 2024