2/4 Upland Road, Hoon Hay, Christchurch

Nestled in the serene Upland Road, Hoon Hay, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1960 with concrete walls and an iron roof, both in good condition, this property sits on a level contour. Currently tenanted, it offers a secure investment with ongoing returns and potential for personal touches. The property's capital value has seen a significant increase of 47.46% from $295,000 in 2019 to $435,000 as of 2022. The HouGarden AVM estimates it at $422,500, while the latest sale was recorded at $458,500 in 2024, previously $280,000 in 2019.

With a prime location in desirable school zones, this property is perfect for families. It falls within the catchment areas of Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more. Investors looking to cash up on a property with a promising future should add this to their must-view list.

Updated on August 01, 2024