2/4 Elstow Place, Spreydon, Christchurch

Nestled in the desirable suburb of Spreydon at 2/4 Elstow Place, this 2-bedroom, 1-bathroom residential unit with a carpark, built in 1971, boasts a tiles roof and concrete walls in good condition. The 80sqm floor area is complemented by an open plan kitchen and living, a separate laundry, and a sunlit conservatory. This cross-lease property, valued at $450,000 as per the latest government valuation, has seen a CV increase of 40.625% since 2019, reflecting its rising capital value. The HouGarden AVM estimates it at $417,500, making it an attractive opportunity for first-time buyers or investors.

With a rich sales history, the property's government valuation has shown consistent growth. The recent sale prices and the AVM reflect a strong market interest in this quiet cul-de-sac. The capital value growth percentage is a testament to the investment potential of this property in a sought-after location.

For families with school-aged children, the property falls within the zone of several high-performing schools, including Villa Maria College (decile 9) and Cashmere High School (decile 9). Other schools in the area include St Thomas of Canterbury College (decile 8), Middleton Grange School, and Christchurch South Karamata Intermediate, offering a range of educational options for all ages.

Updated on May 07, 2024