5/15 Tweed Street, Richmond, Christchurch

Nestled in the desirable cul-de-sac of 5/15 Tweed Street, Richmond, Christchurch, this 2-bedroom, 1-bathroom residential unit boasts a floor area of 64sqm. Constructed in 2019 with wood exterior walls and an iron roof, it sits on a level contour and is maintained in average condition. The property is under a Cross-Lease ownership, offering a sense of community without compromising on privacy. The current Capital Value (CV) stands at $455,000, a significant increase of 49.18% from $305,000 in 2019. The latest sale was recorded at $520,000 in 2024, compared to $306,500 in 2016, indicating a robust market trend.

Valuation metrics are further supported by the HouGarden AVM of $445,000. This property is not just a number; it's a comfortable and convenient living space enhanced by a heat pump, double-glazed windows, and quality insulation. The single car garage with an insulated door and additional parking is a practical addition to this modern unit.

For families with children, the property falls within the catchment area of several well-regarded schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Shirley Intermediate (Decile 4), among others. This home is not only an investment in real estate but also in education and convenience, being within walking distance to supermarkets and The Palms Shopping Centre, and in close proximity to the scenic river walkways of the Avon River.

Updated on August 14, 2024