1/20 Mohua Lane, Upper Riccarton, Christchurch

Nestled in the tranquility of a quiet cul-de-sac at 1/20 Mohua Lane, Upper Riccarton, Christchurch, this freehold property is a charming residential unit. It boasts a single bedroom, a carpark, and a floor area of 105 square meters on a level plot of 171 square meters. Constructed in 2023, the property features mixed materials for the walls and an iron roof, both in good condition. The modern conveniences include a heat pump for climate control.

With a current Capital Value (CV) of $685,000 as of August 2022, the property has shown a significant increase in value, further evidenced by the latest sale on May 27, 2024, for $699,000. The HouGarden AVM estimates the property's worth at $637,500, reflecting a promising investment opportunity with a notable growth percentage.

For families with school-aged children, the property falls within a highly sought-after school zone. It is in close proximity to esteemed institutions 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 June 19, 2024