49 Wainui Street, Riccarton, Christchurch

Nestled at 49 Wainui Street, Riccarton, Christchurch, this residential dwelling boasts 3 bedrooms, 2 carparks, and a floor area of 150 square meters. Constructed in 1997 with brick walls and tiled roofing, the property is in a good condition both inside and out. It sits on a level contour and is under a Cross-Lease ownership. The capital value has seen a rapid increase from $430,000 in 2019 to $620,000 in 2022, marking a growth of 44.19%. This is a home where functionality meets comfort, with a living area that opens to a deck and private, low-maintenance gardens.

With a HouGarden AVM of $592,500 and a sales history of $350,000 in 2011 and $319,000 in 2007, this property presents a sound investment opportunity. The CV growth trajectory is a testament to its appeal and potential. Located in a sought-after school zone, it's perfect for families with school-aged children, being in the catchment area for top-rated schools such as Christchurch Boys' and Girls' High Schools, with deciles of 10 and 9 respectively.

For families with younger children, the nearby Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), and Wharenui School (decile 3) provide excellent educational options. This property not only offers convenient access to Westfield Riccarton, transport, and recreational facilities but also the potential to add value. It's a must-see for those seeking a quality home in a prime location.

Updated on October 25, 2024