Nestled in the serene Dana Place, a quiet cul-de-sac in Mairehau, Christchurch, stands a charming 3-bedroom, 1-bathroom residence with a generous 99 square meters of floor area. This freehold property, built in 1950 with brick walls and tiled roof, has seen the test of time while maintaining an average condition. It sits on a levelled 761 square meters of land, complete with 2 car parks, a heat pump, and an oversized double garage that can accommodate up to 3 vehicles. The property's Capital Value (CV) has experienced a substantial increase from $335,000 in August 2019 to $515,000 in August 2022, showcasing a growth rate of 53.73%. The latest sale records indicate a sale price of $635,000 on August 8, 2024, and a previous sale at $516,300 on August 24, 2022. HouGarden AVM estimates the property's value at $520,000.
For families with school-aged children, the property falls within the catchment area of several reputable schools. Middleton Grange School (Years 11-13) and Emmanuel Christian School both hold a high decile rating of 9 and 8 respectively, while Mairehau High School and Mairehau School cater to secondary and primary education with decile ratings of 4 and 6. Other nearby educational institutions include Christchurch Adventist School, Hagley Community College, and Marian College.
With its original features, potential for renovation, and prime location near shopping centers and major thoroughfares, this property offers an affordable entry into the property market. It's a home that has been loved for nearly 70 years and now awaits new owners to write the next chapter.
Updated on September 18, 2024