102 Wairakei Road, Bryndwr, Christchurch

Nestled in the esteemed Bryndwr neighborhood at 102 Wairakei Road, Christchurch, this charming 2-bedroom, 2-carpark residence sits on a sprawling 908m2 of Freehold land. Constructed in 1950 with wood exterior walls and a robust iron roof in good condition, the property offers a comfortable 114m2 floor area. The capital value has seen a substantial increase, rising from $500,000 in 2019 to the current $750,000, reflecting a 50% growth. This is further supported by the HouGarden AVM of $720,000 and a historical sale in 2001 for $170,000.

With a CV increase that outpaces the market average, this property presents a sound investment. The location is further enhanced by its zoning for top-rated schools such as Burnside High School, Christchurch Boys' and Girls' High Schools, and highly sought-after intermediates like Cobham and Heaton. The educational options are extensive, with a range of primary, intermediate, and secondary schools, all within deciles 5-10.

Whether you choose to live in, renovate, or demolish and redevelop, this property holds promise and potential. The address not only boasts an enviable school zone but also easy access to the University of Canterbury. This is a unique opportunity that will appeal to a variety of buyers, and early inspection is encouraged to secure this valuable gem.

Updated on October 04, 2024