20 London Street, Richmond, Christchurch

Nestled at 20 London Street, Richmond, Christchurch, this freehold property is a charming residence with 3 bedrooms, 1 bathroom, and a single carpark. Constructed in 1930 with wood walls and an iron roof, it sits on a level contour with a floor area of 72sqm and a land area of 415sqm. The property has seen an average condition over the years, making it an ideal canvas for developers and investors. The current Capital Value (CV) of $530,000, up from $350,000 in 2019, reflects a growth of 51.43%. HouGarden AVM estimates the property's value at $535,000, while the latest sales were recorded at $320,000 in 2013 and $270,000 in 2009.

With a CV increase that outpaces the market and a history of solid sales, this property is strategically located near the city center, with potential zoning changes from medium to high density on the horizon. It's a golden opportunity for those seeking to invest in a property with a promising future. The schools in the area, such as Middleton Grange School (Decile 9) and Marian College (Decile 8), are among the best in the region, adding to the property's allure.

For families with educational considerations, the property falls within the catchment area of several well-regarded institutions, including Hillview Christian School (Decile 7), Shirley Intermediate (Decile 4), Banks Avenue School (Decile 4), Christchurch Adventist School (Decile 5), Mairehau High School (Decile 4), Hagley Community College (Decile 6), and Marian College (Decile 8), ensuring access to quality education at all levels.

Updated on September 12, 2024