19 Bings Lane, Richmond, Christchurch

Nestled in the serene cul-de-sac of Bings Lane, this well-appointed 2-bedroom, 1-bathroom townhouse on a freehold title presents an inviting opportunity for both first home buyers and savvy investors. Constructed in 2019 with a mix of materials for the walls and iron for the roof, this property stands in good condition, both inside and out. Spacious at 80sqm of floor area and set on a level 91sqm section, it includes a carpark and is mere minutes from Christchurch's bustling CBD. The capital value has seen a significant increase of 17.28% from $405,000 in 2019 to $475,000 as of August 2022, reflecting the property's growing appeal. The latest sale in November 2024 was at $467,000, showcasing the consistent demand for such prime real estate.

For families with school-aged children, the property falls within the catchment area of esteemed schools such as Middleton Grange School (Decile 9) and Marian College (Decile 8), among others. This ensures access to quality education at various levels. The property also boasts a HouGarden AVM of $437,500, indicating a strong market value.

Residents will enjoy the ease of maintenance with a tiled bathroom, a modern kitchen with quality appliances, and a discreetly placed laundry cupboard. The open-plan living and dining areas are designed for practicality, while the private courtyard provides a serene outdoor space. With an EV charger in the off-street parking, this townhouse caters to modern living needs. The annual cost of owning this freehold property in 2024 is $6,341.46, which includes rates and insurance, making it an attractive proposition in the heart of Richmond.

Updated on December 11, 2024