2/47 Nicholls Street, Richmond, Christchurch

Located at 2/47 Nicholls Street, Richmond, Christchurch, this residential dwelling boasts 3 bedrooms, a floor area of 130 square meters, and a single carpark. Constructed in 1998 with brick walls and an iron roof, both in good condition, this property sits on a level cross-lease land. The property is well-maintained, reflecting its quality and durability over the years.

The capital value of this property has seen a significant increase, from $400,000 in August 2019 to $630,000 in August 2022, marking a 57.5% growth. The latest sale recorded on February 16, 2024, was at $655,000, up from its initial sale price of $157,500 in July 1998. The HouGarden AVM estimates the property's value at $602,500, indicating a stable market perception of its worth.

The property is situated within excellent school zones, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, and Marian College with a decile of 8. Other nearby schools include Hillview Christian School (decile 7), Hagley Community College (decile 6), Christchurch Adventist School (decile 5), Shirley Intermediate, Banks Avenue School, and Mairehau High School, all with decile ratings of 4. This diverse range of educational institutions underscores the property's appeal to families prioritizing quality education.

Updated on April 04, 2024.