1/25 Rosewarne Street, Spreydon, Christchurch

Nestled in the sought-after Rosewarne Street on the city fringe, this 2-bedroom, 1-bathroom home with a single carpark presents an opportunity not to be missed. Constructed in 1976 with a mix of materials for the walls and iron for the roof, this residence boasts a good condition both inside and out. The property sits on a level contour, with a floor area of 71 square meters and is under a Cross-Lease ownership. The capital value has seen a significant increase of 12.5% from $280,000 in 2019 to $315,000 as of 2022. The HouGarden AVM estimates the property at $295,000, while the latest sale on September 8, 2022, was at $321,000.

For families with school-aged children, the property falls within the zones of several well-regarded schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more. The updated interior features a near new kitchen with a tiled splashback, an open plan living area that leads to a private deck, and a refreshed bathroom with a shower over the bath. With newly painted walls and new carpeting throughout, this home is ready for immediate possession.

Centrally located and within walking distance to schools and shops, this property is perfect for first-home buyers or as a sound investment. The easy-care grounds provide just the right amount of greenery without the hassle of extensive maintenance. Don't miss out on this entry-level opportunity!

Updated on July 10, 2024