33f Peverel Street, Riccarton, Christchurch

Nestled in the serene Peverel Street cul-de-sac, this 2-bedroom, 1-bathroom unit with a single carpark boasts an iron roof and plastic exterior walls, maintained in good condition since its construction in 1970. As a unit title property, it offers a level contour and a floor area of 71 square meters. The capital value has seen a remarkable increase of 58.62% from $290,000 in August 2019 to $460,000 in August 2022, reflecting a sound investment opportunity. The HouGarden AVM estimates the property's worth at $445,000, while the latest sale history shows a transaction at $465,000 in May 2024 and another at $257,000 in July 2016.

For families with school-aged children, the property falls within the zone of several high-performing schools, including Villa Maria College (decile 9), Christchurch Boys' High School (decile 10), and Christchurch Girls' High School (decile 9). Other educational institutions in the vicinity include Kirkwood Intermediate (decile 7) and Riccarton High School (decile 6), ensuring a range of options for quality education.

With such a strategic location, combined with the property's increasing capital value and potential rental returns, this unit presents an attractive prospect for investors, tradesmen, or property hunters looking to secure a slice of the thriving Riccarton real estate market.

Updated on July 26, 2024