29 Wharenui Road, Upper Riccarton, Christchurch

Nestled at 29 Wharenui Road, Upper Riccarton, Christchurch, this freehold property boasts a residential dwelling with a rich history, built in 1937. It features 6 bedrooms, a floor area of 107sqm, and is set on a level 501sqm section with a single carpark. The exterior walls are constructed of wood, in average condition, while the roof is made of iron, also in average condition. This property presents an investor-friendly layout with a separate two-bedroom sleepout, ideal for student accommodation or boarding.

With a current Capital Value (CV) of $620,000 as of August 2022, this property has shown a remarkable CV increase of 44.19% since August 2019. The HouGarden AVM estimates the property's value at $612,500, while the latest sale history includes a transaction for $750,000 in June 2023, a significant jump from the $185,000 sale in August 2001. These figures highlight the property's strong capital growth potential.

Educationally endowed, the property falls within the zones of esteemed schools such as Christchurch Boys' High School and Christchurch Girls' High School, both decile 10, along with other well-performing institutions like Middleton Grange School (decile 9) and Villa Maria College (decile 9). This makes it an attractive prospect for families with school-aged children.

Updated on November 28, 2024