2/11 Siska Place, Upper Riccarton, Christchurch

Nestled in the tranquility of a quiet cul-de-sac at 2/11 Siska Place, Upper Riccarton, Christchurch, this residential ownership home unit boasts 5 bedrooms, 2 bathrooms, and 2 car parks. Constructed in 1981 with brick walls and tiled roofing, the property stands in good condition both inside and out. It sits on a level contour with a floor area of 130 square meters. The unit title ownership adds to the appeal of this property, which has seen a significant Capital Value (CV) increase of 29.67% from $455,000 in August 2019 to $590,000 in August 2022. The HouGarden AVM estimates the property's value at $592,500, while the latest sales were recorded at $480,000 in 2020 and $367,500 in 2012.

With a rental income of $870 a week fixed until January 2025, this property presents a great return, especially with new tenants already expressing interest for 2025. The location is a student accommodation haven, being a mere 750m walk to the university. The property features include two bedrooms and a separate toilet on the first storey, three bedrooms and two bathrooms on the second storey, off-street parking for 4 to 5 cars, and a separate laundry downstairs.

As for the school network, the area boasts Ilam School (Decile 6), Villa Maria College (Decile 9), Kirkwood Intermediate (Decile 7), St Thomas of Canterbury College (Decile 8), Riccarton High School (Decile 6), Middleton Grange School (Years 11-13, Decile 9), Christchurch Adventist School (Decile 5), and Hagley Community College (Decile 6), catering to a range of educational needs.

Updated on September 26, 2024