54 Division Street, Riccarton, Christchurch

Nestled in the heart of Riccarton, 54 Division Street presents a charming 4-bedroom, 1-bathroom residence on a freehold title. Constructed in 1930 with roughcast walls and an iron roof, this property offers a floor area of 136sqm on a level contour site of 281sqm. It has seen an impressive CV increase of 41.18% from $425,000 in 2019 to $600,000 in 2022. The property features a separate lounge, dining/kitchen, a heat pump, and off-street parking. It is not only compliant with healthy homes standards but also conveniently located near Westfield Riccarton Mall and within the zone of esteemed schools such as Christchurch Boys' and Girls' High Schools.

With a HouGarden AVM of $602,500 and a latest sale history of $259,500 in 2006, this property offers multiple investment opportunities. It's a perfect choice for those seeking rental income, investing in student accommodation, renovating for profit, or developing on the valuable RMD zoned land. The property has been well maintained with upgrades to wiring, aluminium joinery, and the roof.

Educationally, the property falls within the zones of highly regarded schools 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 September 06, 2024