1/5 Milnebank Street, Upper Riccarton, Christchurch

Nestled at the end of a peaceful cul-de-sac in Upper Riccarton, Christchurch, this 2-bedroom, 1-bathroom unit with a single carpark is a gem for those seeking tranquility and convenience. Constructed in 1950 with concrete walls and an iron roof, both in good condition, the property sits on a level contour and is updated with modern comforts. The recent CV of $445,000 reflects a significant increase of 39.06% from 2019, echoing the property's rising value. The HouGarden AVM estimates it at $427,500, while the latest sales history shows a progression from $290,000 in 2016 to $360,000 in 2020.

With an ownership type of Cross-Lease, this residence offers an open plan kitchen/dining, a separate toilet, a master bedroom with a walk-in wardrobe, and is insulated with double glazing. The north-facing enclosed courtyard is perfect for relaxation. The property is located in a desirable school zone, with Ilam School, Villa Maria College, and other reputable institutions nearby, offering a range of educational options from contributing to secondary levels, with decile ratings as high as 9.

Just a 5-minute walk to the university and within close proximity to Bush Inn Center and Riccarton Mall, this property is an ideal investment for those valuing privacy, convenience, and a quality educational environment.

Updated on October 31, 2024