1/65 Matipo Street, Riccarton, Christchurch

Nestled at 1/65 Matipo Street in the serene Riccarton neighborhood of Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1960 with sturdy brick walls and an iron roof, both in good condition, this property sits on a level contour. It features a floor area of 70 square meters and is governed by a Cross-Lease title. Notably, the capital value has seen a remarkable increase of 61%, from $255,000 in August 2019 to $410,000 in August 2022, showcasing a promising investment potential. The latest sale was recorded at $420,000 in February 2024, a significant jump from the $97,500 sale in March 1998.

As for the property's valuation, the HouGarden AVM estimates it at $392,500. This home is perfect for those seeking a short-term stay, available from 27th October for 2-3 months, with the convenience of the Westfield Mall across the road and various amenities within walking distance.

For families with school-aged children, this property falls within the catchment area of esteemed schools such as Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), and Christchurch Girls' High School (Decile 9), ensuring access to quality education.

Updated on April 10, 2024