60 Nicholls Street, Richmond, Christchurch

Nestled in the serene cul-de-sac of Nicholls Street, Richmond, Christchurch, this charming freehold property boasts a rich history, dating back to 1920. The 3-bedroom, 1-bathroom bungalow with a single carpark, offers a floor area of 102sqm and is set on a generous 483sqm section. Constructed with wood walls and an iron roof, both in average condition, this dwelling exudes timeless appeal. The current Capital Value (CV) of $690,000 reflects a substantial increase of 58.62% from the 2019 valuation of $435,000. The property's HouGarden AVM stands at $670,000, while the latest sale records show a progression from $337,300 in 2009 to $365,000 in 2014.

With a CV growth rate that outpaces the market average, this property is not just a home but a sound investment. The recent renovations enhance the classic character with modern amenities, including a stylish kitchen with a wooden benchtop and a log burner that adds warmth to the generous living spaces. The property's location is further enhanced by its proximity to excellent schools, including Middleton Grange School (Decile 9) and Marian College (Decile 8), among others, making it an ideal choice for families.

Positioned conveniently to central city amenities, Richmond village, and The Palms, this property offers a blend of tranquility and connectivity. The combination of a peaceful setting, a strong CV trajectory, and access to top-rated schools makes this a rare find in the property market.

Updated on August 28, 2024