19a Koromiko Street, Saint Martins, Christchurch

Located at 19a Koromiko Street, Saint Martins, Christchurch, this standalone residential dwelling boasts three bedrooms, two bathrooms, and a double internal access garage with auto door, providing ample off-street parking for cars, trailers, boats, and more. Constructed in 1987 with mixed materials for the walls and an iron roof, both in good condition, this property spans a floor area of 160sqm on a level, freehold section of 571sqm. The home is well-appointed with a consented wood burner, heat pump, and nitestore for heating, ensuring comfort throughout the winter months. The property also features a well-established, easy-care garden with mature plants, a large lawn, and a versatile garden studio.

Since its purchase in 2017 for $485,000, the property has seen a significant increase in capital value, reaching $900,000 by 2024, marking a 60.71% increase. The latest sale on January 23, 2024, confirmed this value. The HouGarden AVM estimates the property's value at $862,500, highlighting its appeal as a rental investment and its potential for further capital growth.

The property is situated in a highly desirable school zone, including Cashmere High School, Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, St Martins School, Hillview Christian School, Christchurch Adventist School, and Hagley Community College, all offering high decile ratings. This location provides an excellent educational environment for children and is ideal for families, semi-retirees, and astute investors seeking a quality home in a sought-after area.

Updated on April 06, 2024.