8 Gleig Place, Spreydon, Christchurch

Nestled in the tranquility of a quiet cul-de-sac, this charming 3-bedroom, 1-bathroom residence with 2 car parks offers a warm invitation to first-time buyers and savvy investors. Constructed in 1950 with enduring New Zealand rimu, the property boasts an average-condition wood exterior and roof, a level contour, and a generous floor area of 140 square meters. The home, set on a cross-lease title, features polished floors and versatile living spaces that are ready for immediate comfort with the potential for value-enhancing updates. The kitchen, with its quaint country charm, opens up to a deck surrounded by lush greenery, setting the stage for outdoor entertainment. The conservatory-dining area presents a flexible space for a home office or guest room, complemented by a cozy lounge with a log burner. Upstairs, the master bedroom and two additional rooms are served by a family bathroom, while a heat pump and log burner provide efficient comfort. Outside, a drive-through double garage and dual sheds offer practical storage solutions. With a Capital Value (CV) of $520,000 as of August 2022, representing a 43.25% increase since 2019, and a HouGarden AVM of $475,000, this property's value is on the rise. The latest sale history includes a transaction in 2018 for $366,500. Educationally, the property falls within the zones of esteemed schools such as Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), among others, making it an attractive prospect for families.

Updated on December 13, 2024