172b Fitzgerald Avenue, Christchurch Central, Christchurch

Nestled in the heart of Christchurch Central at 172b Fitzgerald Avenue, this freehold property is a gem in the residential market. Constructed in 2012 with concrete walls and an iron roof, both in good condition, the property boasts 3 bedrooms, a spacious floor area of 116sqm, and a single carpark. The kitchen, dining, living, and master bedroom are all located upstairs, basking in sunlight throughout the year, while two additional bedrooms downstairs share a sizeable bathroom. A heat pump ensures year-round comfort. With a CV of $595,000 as of August 2022, it has seen a remarkable increase of 38.37% since 2019, and is valued at $567,500 by HouGarden AVM. The latest sale was in 2012 for $306,522. This property falls within the decile 9 Middleton Grange School zone and is in close proximity to several other well-rated schools, making it an ideal investment for families.

From an investment perspective, the property presents a solid history with a steady growth in capital value. The recent CV increase and the potential for further appreciation make it an attractive opportunity. The property's location in a quiet cul-de-sac adds to its appeal, offering privacy and tranquility, yet it's just a short stroll to the CBD and the popular Pomeroy's Pub.

For families with school-aged children, the property is in a sought-after school zone. Middleton Grange School, Hillview Christian School, and Marian College are among the high-performing schools in the area. This combination of quality education and a well-appointed home makes it a perfect blend of comfort and convenience.

Updated on October 23, 2024