107 Slater Street, Richmond, Christchurch

Located at 107 Slater Street, Richmond, Christchurch, this residential dwelling boasts 4 bedrooms, 2 bathrooms, and 2 carparks, with a floor area of 152sqm and a substantial land area of 984sqm. The property, a character-filled bungalow from 1921, features mixed material walls in average condition and a tile roof in good condition. It sits on a level contour, enjoying a sunny north and west facing position. Ownership is freehold, offering a solid foundation for families or investors looking to bring the property up to insurable standards.

The property has seen a significant increase in capital value, from $530,000 in August 2019 to $860,000 in August 2022, marking a 62.26% growth. The latest sale was recorded on February 21, 2024, for $620,000, following a previous sale on March 16, 2016, for $280,000. Despite being currently uninsured, the HouGarden AVM estimates its value at $847,500. This home, with its large double bedrooms, master ensuite with French doors to a bricked patio, and open plan living, offers plenty of potential for enhancement.

The property is zoned for several schools, including Middleton Grange School (decile 9), Hillview Christian School (decile 7), Shirley School (decile 3), Shirley Intermediate (decile 4), Christchurch Adventist School (decile 5), Mairehau High School (decile 4), Hagley Community College (decile 6), and Marian College (decile 8). This diverse range of educational options, combined with the property's features and potential for improvement, makes it an attractive proposition for families and investors alike.