5 Ettrick Lane, Richmond, Christchurch

Located at 5 Ettrick Lane, Richmond, Christchurch, this residential property is a modern marvel built in 2019. It features one bedroom, one bathroom, and no carpark, with a floor area of 52m2 and a land area of 61m2. The freehold property boasts fibrous cement walls and an iron roof, both in good condition, and sits on a level contour. This home is a perfect example of efficient use of space in a contemporary setting.

The property has seen a significant increase in capital value, from $315,000 in August 2019 to $470,000 in August 2022, marking a 49.21% growth. The latest sale was on January 30, 2024, for $415,000, following a previous sale on June 19, 2020, for $317,500. The HouGarden AVM estimates the property's value at $450,000, indicating a strong market presence and desirability.

School zoning is a key feature, with access to a range of educational institutions including Middleton Grange School (Composite, Decile 9), Hillview Christian School (Composite, Decile 7), and several others catering to various levels and deciles. This property offers great educational opportunities, making it ideal for families or those planning for the future.

Updated on April 05, 2024.