7 Centennial Avenue, Riccarton, Christchurch

Welcome to 7 Centennial Avenue, a prime investment opportunity nestled in the heart of Christchurch's educational hub. This expansive freehold property, built in 1940, boasts 8 generous bedrooms, ideal for student accommodation, with each room featuring a wall heater and curtains. The communal areas are designed to foster a sense of community, complemented by an open-plan living space with a spacious kitchen, dining, and living area equipped with two heat pumps for all-season comfort. The property sits on a level contour with mixed-material walls and roofs in average condition, and a land area of 944 sqm. The latest valuation shows a Capital Value (CV) of $820,000, a significant increase of 84.27% from $445,000 in 2019, while the HouGarden AVM estimates it at $750,000. The property's latest sale history includes a transaction of $775,000 in 2020 and $350,000 in 2009.

For families, the property falls within the zones of several high-performing schools, including Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), and Christchurch Girls' High School (Decile 9). This ensures access to quality education at all levels. The location is further enhanced by proximity to the University of Canterbury, shopping centers, cafes, and public transport, making it a highly convenient investment.

With its prime location and potential for future redevelopment, this property presents a unique investment opportunity that is not to be missed.

Updated on December 11, 2024