8 Reading Street, Upper Riccarton, Christchurch

Nestled in the heart of Upper Riccarton, Christchurch, at 8 Reading Street, this residential dwelling is a standalone townhouse built in 1996 with low maintenance brick cladding and a robust metal tile roof. It boasts 2 bedrooms, a recently renovated bathroom, and a single carpark, all set on a level contour with a spacious floor area of 110 square meters. The property is under a Cross-Lease ownership, ensuring a hassle-free investment. The capital value has seen a rapid increase of 38.6%, jumping from $440,000 in August 2019 to the current $610,000 as of August 2022. The HouGarden AVM estimates the property at $602,500, while the latest sales were recorded at $452,500 in 2020 and $217,500 back in 2003.

With a prime location, the property falls within the catchment area of several high-performing schools, including Ilam School (Decile 6), Villa Maria College (Decile 9), Kirkwood Intermediate (Decile 7), St Thomas of Canterbury College (Decile 8), Riccarton High School (Decile 6), Middleton Grange School (Decile 9), Christchurch Adventist School (Decile 5), and Hagley Community College (Decile 6). This makes it an ideal choice for families with educational priorities.

Whether you seek convenience for work or study at the University of Canterbury, or simply enjoy shopping at Bush Inn and Upper Riccarton, this property offers an easy walk to these amenities. The large sun-drenched living area and private deck provide ample space for relaxation, while the manageable lawn and garden allow for a touch of greenery without overwhelming maintenance. Sold unconditionally, this property presents a golden opportunity for both homeowners and investors.

Updated on November 08, 2024