22 Puriri Street, Riccarton, Christchurch

Nestled in a prime location amidst prestigious properties, this freehold residence at 22 Puriri Street, Riccarton, Christchurch, boasts 6 spacious bedrooms and a vast north-facing lounge. The kitchen is thoughtfully designed with a servery to the family/dining area. The property has undergone a complete internal repaint and is currently tenanted at $700pw. Constructed in 1920 with wood walls and tiled roof, this 156sqm house sits on a 553sqm site with a large versatile double garage. It's just a stone's throw away from a plethora of shopping options and falls within the zones of esteemed schools such as Christchurch Girls' & Boys' High, Kirkwood Intermediate, and Ilam Primary. The capital value has seen a growth of 41%, from $760,000 in 2019 to $1,070,000 in 2022, with a HouGarden AVM of $1,042,500. The latest sale was recorded at $1,070,000 in 2024, following a sale at $630,000 in 2014.

With a CV increase that speaks volumes about its investment potential, this property is not just a home but a smart investment opportunity in a sought-after school zone.

Education-wise, the area is served by Ilam School with a decile rating of 6, Villa Maria College at 9, and other highly-rated institutions, making it an ideal choice for families with school-going children.

Updated on August 28, 2024