4/30 Picton Avenue, Riccarton, Christchurch

Nestled in the serene Picton Avenue of Riccarton, this 1994-built townhouse with a cross-lease title presents a charming living space. The 90sqm floor area is thoughtfully divided into 2 bedrooms, 1 bathroom, and a single carpark, all set on a level contour with concrete walls and an iron roof in good condition. This property is not just a comfortable home but also a sound investment, given its $420,000 Capital Value as of August 2022, a significant increase of 42.37% from its $295,000 CV in August 2019.

With a HouGarden AVM of $407,500, and a sales history showing a sale price of $220,000 in 2010 and $225,000 in 2005, this property offers a clear trajectory of value appreciation. Its strategic location within the zones of esteemed schools such as Christchurch Boys' and Girls' High Schools, with a decile rating of 10 and 9 respectively, further enhances its appeal.

Education opportunities are abundant, with other schools in the area including Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), St Thomas of Canterbury College (decile 8), and more. This townhouse is perfect for families seeking quality education and convenient living, being close to Westfield Mall, Wharenui Pool, Hagley Park, and the Christchurch Public Hospital.

Updated on July 19, 2024