1/17 Frensham Crescent, Woolston, Christchurch City

Nestled in the serene Woolston neighborhood, 1/17 Frensham Crescent presents a charming residential unit, perfect for the discerning buyer. This 1960-built home boasts 3 bedrooms, 1 bathroom, and a single carpark, all set on a level contour with concrete walls and tiled roofing. It's a cross-lease property, offering a practical floor area of 90 square meters. The current government valuation of $430,000 reflects a significant increase of 62.26% since 2019, showcasing the rapid capital value growth. The property's HouGarden AVM stands at $427,500, with the latest sale recorded at $339,000 in 2024, and a previous one at $221,000 in 2008.

For investors, this property is a golden opportunity with a potential gross yield of 5.80%. The location is prime, with easy access to amenities and a desirable school network. The nearby schools include Middleton Grange School (decile 9), Te Waka Unua School (decile 2), Hillview Christian School (decile 7), and more, making it an ideal choice for families.

Woolston is an area on the rise, and Frensham Crescent's strategic position between Ferry Road and Linwood Ave offers convenience like no other. Whether you're looking for a first home or a smart investment, this property is a gem waiting to be discovered.

Updated on November 06, 2024