11/27 Waterman Place, Ferrymead, Christchurch

Nestled in the serene Ferrymead neighborhood at 11/27 Waterman Place, this unique property is a perfect blend of industrial utility and comfortable living. Constructed in 2004 with robust concrete walls and an iron roof, both in good condition, it offers a ground floor workspace of approximately 80m2, complete with a garage, warehouse/office area, toilet, shower, and kitchenette, all with a separate entrance. The first floor boasts an open-plan living/kitchen area, two generous double bedrooms, a bathroom, and a cozy balcony, also with a separate entrance. It comes with two external carparks right in front of the building. This Unit Title property, with a Capital Value (CV) of $435,000 as of August 2022, has seen a remarkable increase of 29.85% from its 2019 CV of $335,000. The latest sales were recorded at $345,000 in 2019 and $195,500 in 2004. The HouGarden AVM estimates the property's value at $417,500. The location is zoned for top-rated schools, including Middleton Grange School (Decile 9), Mt Pleasant School (Decile 10), and Marian College (Decile 8), among others.

With such a versatile setup, ideal for tradies or small business owners to work downstairs and live upstairs, this property is part of a well-situated complex with easy access to supermarkets, cafes, food, entertainment, and the estuary and beaches nearby. Opportunities like this are rare, so seize the chance while it's available.

For families, the school network is a significant plus, with high-decile institutions ensuring quality education for all ages. This property not only offers a unique living experience but also a sound investment with a promising CV growth trajectory.

Updated on November 01, 2024