25a Auburn Avenue, Upper Riccarton, Christchurch

Nestled in the serene Upper Riccarton, Christchurch, 25a Auburn Avenue presents a charming residential dwelling on a cross-lease title. Constructed in 1950 with wood exterior walls and tiled roofing, this 103sqm home boasts 4 bedrooms and a carpark. With an average wall and roof condition, it sits on a level contour, promising ease of maintenance. The property has seen a significant Capital Value increase of 44.74% from $380,000 in 2019 to $550,000 as of 2022. HouGarden AVM estimates it at $542,500, while the latest sale history shows a leap from $287,000 in 2007 to $640,000 in 2024, indicating a promising investment opportunity.

For families with school-aged children, the property falls within the catchment of various esteemed institutions. Ilam School, Villa Maria College, and Middleton Grange School are among the high-decile options, while Riccarton School and others provide diverse educational opportunities. This, coupled with the property's location near Westfield Mall and the University of Canterbury, ensures a high demand for rental accommodation, potentially yielding impressive returns.

Currently leased at $640 per week, with the potential to increase to $740, this property offers an entry-level investment with a strong yield. Its compliance with Healthy Homes standards and the convenience of off-street parking add to its allure. Don't miss the chance to secure this valuable asset with a promising future.

Updated on November 07, 2024