1/273 Riccarton Road, Upper Riccarton, Christchurch

Nestled in a serene environment down a peaceful driveway, this 2-bedroom, 1-bathroom ground floor unit at 1/273 Riccarton Road, Upper Riccarton, Christchurch, offers an inviting opportunity for first-time buyers or investors. Constructed in 1970 with mixed materials for the walls and iron for the roof, both in good condition, this residential unit sits on level contour with a floor area of 50sqm and a single carpark. It boasts a capital value of $390,000 as of August 2022, showcasing a CV increase of 52.94% from August 2019. The property is under a Cross-Lease ownership and features a cozy living space with a heat pump, a sizeable courtyard garden, and a single lock-up garage for secure parking and storage. The location is prime, within walking distance to Bush Inn Shopping Centre and close to educational institutions like Canterbury University, with Ilam School, Villa Maria College, and others nearby, all within varying deciles of excellence.

With a HouGarden AVM of $362,500 and a recent sale history, this property presents an affordable entry-level option in a prime location. The government valuation history and the property’s potential for further enhancement make it a solid investment with an easy-care lifestyle.

For families with school-aged children, the property falls within the zones of several well-regarded schools, including Ilam School with a decile of 6, and Villa Maria College and Middleton Grange School, both with a decile of 9, ensuring access to quality education.

Updated on July 02, 2024