3 Penmarc Lane, Hoon Hay, Christchurch

Nestled securely in a private laneway on a spacious section of over 900m2, this attractive family home at 3 Penmarc Lane, Hoon Hay, Christchurch, boasts a freehold title and a prime location. Constructed in 1973 with concrete walls and tiled roofing, the property is in good condition both inside and out. It features 4 bedrooms, a vast open-plan living and dining area heated by a log burner, a separate kitchen with ample bench space, and a sunny conservatory leading to a timber deck. The top level hosts 3 sun-drenched bedrooms, a family bathroom, and a separate toilet, while the lower level offers a massive living room that could serve as the main bedroom, along with additional amenities. The standalone tandem garage and extra parking space cater to all your motorized needs. With a current Capital Value (CV) of $890,000, a significant increase of 50.85% from $590,000 in 2019, and a HouGarden AVM of $867,500, this property also boasts a latest sale history of $800,000 in 2024 and $213,000 in 1998. The educational highlights include being within the zones of Cashmere High School, Villa Maria College, and several other well-rated institutions, ensuring a quality education for the family. This is a perfect choice for those in search of space and comfort.

Boasting a CV growth rate that outpaces the market, this property's value has seen a rapid increase. The latest CV reflects a half-million-dollar jump, a testament to the investment potential of this residence. The HouGarden AVM estimate and the recent sale prices further validate the property's worth, making it an attractive prospect for both investors and families.

For families with school-aged children, the property falls within the catchment areas of a selection of high-performing schools. Cashmere High School, Villa Maria College, and Middleton Grange School are among the institutions with high decile ratings, ensuring access to quality education. This home not only offers a peaceful living environment but also a promising future for the next generation.

Updated on July 26, 2024