1/67 Hinau Street, Riccarton, Christchurch

Nestled in the highly sought-after Fendalton Street, Christchurch, this 1968-built, 2-bedroom, 1-bathroom unit with a single carpark is a prime example of a solid investment. The property, sitting on a cross-lease title, boasts of well-maintained concrete walls and an iron roof. With a floor area of 90 square meters, this residence is ready for a new owner to add their personal touch. The current government valuation of $660,000 represents a significant CV increase of 48.31% since 2019, reflecting its growing capital value. The HouGarden AVM estimates the property's worth at $612,500, making it an attractive opportunity for potential buyers.

History shows a consistent rise in the property's value, and its recent sale history further testifies to its appeal. The location is further enhanced by its proximity to top-rated schools, including Christchurch Boys' and Girls' High Schools, both decile 10 and 9 respectively. Other schools in the zone, such as Ilam School and Villa Maria College, are also highly rated, ensuring a quality education for the family. The property is not just about numbers; it's about living in a sunny, spacious home in a safe and secure cul-de-sac, with easy access to universities, malls, and markets.

For families with children, the property is a gem, located within the catchment area of some of the best schools in the region. The Ilam School, decile 6, and the Secondary schools like Villa Maria College, Kirkwood Intermediate, and others, provide a range of educational options. This address not only promises a good life but also a bright future for the young ones. Don't miss the chance to secure this property in a prime location with immense potential.

Updated on May 06, 2024