46a Nursery Road, Phillipstown, Christchurch

Nestled in the serene cul-de-sac of Nursery Road, Phillipstown, Christchurch, stands this charming 2-bedroom, 1-bathroom residence, built with a mix of materials and topped with a robust iron roof. This freehold property, sitting on a levelled 146sqm section and boasting an 83sqm floor area, offers a modern lifestyle with its good condition walls and roof, and the comfort of a heat pump. The property's Capital Value (CV) has seen a significant increase, reflecting a promising investment opportunity. As of August 2022, the CV is $560,000, a substantial leap from the latest sale price of $505,000 in April 2021, indicating a rapid appreciation. The HouGarden AVM estimates the property's worth at $562,500, aligning closely with the government's valuation.

For families with children, the property falls within a highly sought-after school zone. Middleton Grange School, a composite institution with a decile rating of 9, is among the many reputable schools in the area. Others include Te Waka Unua School, Hillview Christian School, Christchurch Adventist School, and more, catering to various educational needs and preferences.

With its prime location, attractive CV growth, and access to top-notch education facilities, this property is not only an ideal first home but also a lucrative prospect for rental income or as an Airbnb venture. It's a perfect blend of comfort, convenience, and potential returns, making it a choice investment for those looking to enter the property market or expand their portfolio.

Updated on September 25, 2024