1/4 Division Street, Riccarton, Christchurch

Nestled in the heart of Riccarton, 1/4 Division Street presents a charming residential unit, perfect for first-time buyers or shrewd investors. This 1975-built home boasts 2 bedrooms, 1 bathroom, and a single carpark, all set on a level contour with concrete walls in good condition and an iron roof that's average. The 65sqm floor area is complemented by a warm northwest orientation, a home ventilation system, and a heat pump for year-round comfort. The property is under Cross-Lease ownership and has seen a significant Capital Value increase of 57.38% from $305,000 in 2019 to the current $480,000. The HouGarden AVM estimates a value of $475,000, while the latest sale in 2014 was for $309,000. With school zoning for top-rated institutions like Christchurch Boys' and Girls' High Schools, this property offers a secure investment with a promising future.

From a financial perspective, the property's CV has shown a rapid growth trajectory, making it an attractive prospect for investors. The recent AVM and past sale history provide a solid foundation for understanding the property's worth, while the prime location adds further value. The quiet cul-de-sac street ensures peace and privacy, and the close proximity to Riccarton Mall and Hagley Park offers convenience and a vibrant lifestyle.

For families with school-aged children, the property falls within the zones of several high-performing schools, including Villa Maria College and Kirkwood Intermediate. The schools' high decile ratings reflect the quality of education available, ensuring a bright future for students. This property is not just a home; it's an investment in a desirable lifestyle and education.

Updated on November 13, 2024