Nestled in the coveted Upper Riccarton, 86 Wharenui Road presents a charming 2-bedroom, Freehold property on a sprawling 759sqm lot. Constructed in 1941 with wood walls and an iron roof, this dwelling offers an average-conditioned interior with a floor area of 104sqm, complemented by a carpark and a beautiful lawn. The property has seen a remarkable CV increase of 43.18% from $440,000 in 2019 to the current $630,000 in 2022. HouGarden AVM estimates the value at $602,500, making it an attractive investment. This prime site, in a quiet cul-de-sac, is close to esteemed educational institutions like Villa Maria College (Decile 9) and Christchurch Boys' High School (Decile 10), offering an unparalleled advantage in the school zone.
With a history of being a well-loved family home, the property holds potential for redevelopment, especially given its north-facing potential and the upcoming auction on 30 Oct 2024. Its location, with easy access to Canterbury University, shopping, and transport, adds to its allure. This is a golden opportunity for investors and developers looking to capitalize on the property's prime location and growth potential.
As part of a highly-rated school network, this property is in close proximity to a selection of top-performing schools, including Kirkwood Intermediate (Decile 7), Christchurch Girls' High School (Decile 9), and St Thomas of Canterbury College (Decile 8), among others. The educational opportunities in this zone are second to none, making it an ideal choice for families.
Updated on November 01, 2024
