3/80 Milton Street, Somerfield, Christchurch

Nestled in the heart of Somerfield at 3/80 Milton Street, this contemporary townhouse boasts a freehold title and is a perfect blend of modern design and practical living. The 2-bedroom, 1-bathroom home sits on a level, 75sqm section with a mixed-material exterior and an iron roof in good condition. Inside, the 72sqm floor area is thoughtfully arranged, featuring an open-plan living space and a modern kitchen on the ground floor, with two generous bedrooms, each with built-in wardrobes, on the second floor. The property's capital value has seen a significant increase, reflecting a growth of over 5% since the latest sale in October 2022 at $619,000, compared to the current government valuation of $560,000. The HouGarden AVM estimates the property's worth at $542,500, making it an attractive opportunity for investors or first-time homebuyers.

From a valuation perspective, the property has shown a strong CV increase over the years, promising a solid return on investment. The latest sale history and AVM figures suggest a healthy market interest in the area. This townhouse is not only a sound financial investment but also a wise choice for families, given its location in the highly sought-after school zones of Cashmere High School and Christchurch South Intermediate, both with a decile rating of 9. Other nearby schools include Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, and more, all within easy reach and offering high-quality education.

With its prime location, modern amenities, and access to excellent schools, this townhouse is an ideal blend of comfort, convenience, and potential for growth. It's a must-see for those looking to secure a property in a thriving community that values education and lifestyle.

Updated on July 22, 2024