Nestled in the serene cul-de-sac of Matipo Street, Riccarton, Christchurch, this freehold property boasts 18 bedrooms and 4 carparks, sitting on a levelled 759sqm land area with a floor space of 372sqm. Constructed with iron for both the walls and roof, this average-condition property is categorized as Residential - Rental flats (purpose built), offering a golden opportunity for investors. With a CV of $2,400,000 as of August 2022, it has shown a remarkable increase of 46.34% from its previous CV of $1,640,000 in August 2019.
Valued at $2,382,500 by HouGarden AVM, the property's latest sale history includes a transaction of $2,590,000 on October 11, 2024, and $1,660,000 on August 16, 2019. This investment gem not only promises stable income but also holds potential for further subdivision and development.
Educationally endowed, the property falls within the zones of esteemed institutions such as Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), and Christchurch Girls' High School (Decile 9), ensuring top-notch education for the family.
Updated on November 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 2 | -m2 | Year 2024 Month 12 Day 18 | - | Council approved | |
 | 0.11 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 31 | $815,000 | Council approved | |
0.17 km | 3 | 2 | 155m2 | Year 2024 Month 10 Day 15 | $635,000 | Council approved | ||
 | 0.13 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 14 | - | Council approved | |
 | 0.16 km | 4 | 137m2 | Year 2024 Month 09 Day 13 | $600,000 | Council approved |