2/565a Ferry Road, Woolston, Christchurch

Nestled in a peaceful cul-de-sac, this 2-bedroom, 1-bathroom home with a single carpark presents an inviting opportunity. Constructed in 1975 with concrete walls and an iron roof, both in good condition, the property sits on a level contour. It boasts a floor area of 100 square meters and is under a Cross-Lease ownership. Notably, the capital value has seen a significant increase of 61.40%, from $285,000 in 2019 to $460,000 as of 2022. The property's latest sale was for $415,000 in 2024, following a sale in 2015 for $272,800.

For investors, the HouGarden AVM estimates the property's worth at $455,000. The location is particularly appealing, being in close proximity to a range of schools, including Middleton Grange School (Decile 9) and Te Waka Unua School (Decile 2). Other nearby schools are Hillview Christian School (Decile 7) and Hagley Community College (Decile 6), among others, making this an ideal investment for families.

With a heat pump for comfort and potential for redecoration, this property is perfect for first home buyers looking to enter the property market. Its convenient location, just over 1 km from Eastgate Mall and near Woolston Primary and Linwood High schools, adds to its allure. This property is not just a home; it's a smart investment in a rapidly appreciating area.

Updated on November 20, 2024