5/44 London Street, Richmond, Christchurch

Nestled in the tranquil cul-de-sac of London Street, this charming 3-bedroom townhouse, built in 1997, boasts a Roughcast exterior and a robust Tile roof. It sits on a Cross-Lease title with a floor area of 130sqm. The property presents a well-maintained condition both in walls and roof, ensuring a cozy and comfortable living environment. Notably, the capital value has seen a significant increase of 53.5%, from $355,000 in 2019 to the current $545,000, showcasing a promising investment opportunity. The property is valued at $525,000 according to HouGarden AVM, with the latest sale recorded at $487,000 in 2024, a substantial rise from the previous sale of $235,000 in 2019.

For families with children, the property falls within a desirable school zone. Middleton Grange School, catering to Years 11-13, is a composite school with a decile rating of 9. Other schools in the area include Hillview Christian School (decile 7), Shirley Intermediate (decile 4), and Mairehau High School (decile 4), among others. This ensures a variety of educational options for families.

Located on the city fringe, this pad offers the convenience of urban living without the premium price tag. It's an ideal choice for both homebuyers and investors, with a heat pump for year-round comfort, a single garage, and additional off-street parking. Enjoy the serenity of a quiet street, mere minutes from the city center by car or a short walk, with public transport close at hand.

Updated on October 16, 2024