3/129 Clarence Street, Riccarton, Christchurch

This charming property at 3/129 Clarence Street, Riccarton, Christchurch, is a testament to comfortable living in a prime location. Boasting two spacious bedrooms, this unit is complemented by an open-plan living area that seamlessly connects to an established, easy-care garden. The property features a heat pump and HRV system, ensuring year-round comfort, alongside a bathroom with separate shower and bath, separate laundry, and toilet. A single garage provides convenient parking. Constructed in 1989 with roughcast walls and an iron roof, both in good condition, this cross-lease home sits on a level contour, emphasizing its appeal for those seeking a blend of modern living and convenience.

The property's financial trajectory is impressive, with a capital value increase from $365,000 in August 2019 to $550,000 in August 2022, marking a growth of approximately 50.68%. Despite this, the latest sale on February 8, 2024, was at $445,000, slightly below the HouGarden AVM of $530,000, indicating a potential market adjustment or a unique purchase opportunity. The property's capital value and its strategic location near Riccarton Mall enhance its investment appeal.

Education is a cornerstone of this property's value, with access to a range of schools catering to various educational needs and levels. It falls within the zones of highly regarded institutions including Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), and Christchurch Girls' High School (Decile 9), among others. This diverse educational landscape ensures that families have ample choice for their children's schooling, making it an ideal location for those prioritizing academic excellence.

Updated on April 05, 2024.