1/3 Gregory Avenue, Islington, Christchurch

Nestled in the serene Gregory Avenue, a quiet cul-de-sac in Islington, Christchurch, this 1950-built residential dwelling boasts 3 bedrooms and a floor area of 110 square meters. The property, with an average condition brick exterior and tiled roof, is under a Cross-Lease ownership. The capital value has seen a remarkable increase of 52.24% from $335,000 in August 2019 to $510,000 in August 2022. The latest sale was recorded on October 31, 2024, at $565,000, a significant jump from the previous sale in October 2007 at $227,000. HouGarden AVM estimates the property's value at $465,000.

With a government-estimated capital value on a rapid rise, this property is not only an attractive investment but also boasts a desirable school zone. It falls within the decile 9 Villa Maria College, decile 3 Hornby High School for Years 7-8, and Hornby Primary School, as well as St Thomas of Canterbury College with a decile of 8, Middleton Grange School (Years 11-13) with a decile of 9, Christchurch Adventist School with a decile of 5, and Hagley Community College with a decile of 6.

Updated on December 18, 2024