1/40 Maxwell Street, Riccarton, Christchurch

Nestled at 1/40 Maxwell Street, Riccarton, Christchurch, this residential ownership home unit boasts a smart layout with 2 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1995, the property features a brick exterior, tiled roof, and is in a good condition both inside and out. With a floor area of 90 square meters and a level contour, it offers a comfortable living space that extends to a private garden. The property is under a Cross-Lease title, and the current government valuation of $510,000 represents a 57% increase since 2019, reflecting a sound investment opportunity.

Recent market activity includes a HouGarden AVM of $500,000 and a latest sale price of $530,000 in 2024, demonstrating consistent growth. The property's location is a significant draw, being in the catchment area for top-rated schools such as Christchurch Boys' High School (decile 10) and Christchurch Girls' High School (decile 9), among others, making it an ideal choice for families.

Not only is this townhouse a smart investment, but it's also a convenient one, situated mere steps away from Westfield Mall and a multitude of amenities. Whether you're a first-home buyer, a retiree, or a savvy investor, this property on Maxwell Street is a 'Smart Move' that shouldn't be missed.

Updated on August 28, 2024