2/370a Blenheim Road, Upper Riccarton, Christchurch

Nestled in the highly sought-after Church Corner area, this 1996-built, brick-constructed residence with an iron roof offers a prime investment opportunity. The 87sqm floor area encompasses 2 bedrooms, 1 bathroom, and a single carpark, set on a level contour with good wall and roof conditions. It's currently tenanted at $395 per week, providing a return that outshines traditional banking investments. This cross-lease property at 2370/370a Blenheim Road has seen its Capital Value surge by 46% from $370,000 in 2019 to $540,000 as of 2022, with a HouGarden AVM estimate of $535,000. The latest sale history shows a transaction at $550,000 in 2024, indicating strong market confidence.

When it comes to education, the property falls within a desirable school zone. It's in close proximity to Middleton Grange School (decile 9), Villa Maria College (decile 9), and other well-rated institutions, making it an ideal choice for families. Public transport is mere steps away, and key amenities like the University of Canterbury, Westfield Mall, and the vibrant Riccarton Road shopping district are a short drive away.

Boasting an open plan living space with indoor-outdoor flow to a private courtyard, the home features a heat pump, DVS system, and aluminium joinery. The separate bathroom, toilet, and laundry add convenience, while the standalone garage and off-street parking provide practicality. This well-maintained property is not only perfectly liveable but also holds potential for future enhancements as desired.

Updated on November 27, 2024