9 Rapaki Road, Hillsborough, Christchurch

Nestled on the serene Hillsborough hillside, this 4-bedroom, freehold property with a single carpark is a gem on the market. Constructed in 1970 with concrete walls and tiled roof, both in good condition, it offers a spacious floor area of 166sqm on a land of 890sqm with a steep rise contour. The property boasts stunning views and a layout designed to maximize the outlook with a full-length balcony. The current Capital Value (CV) of $880,000 reflects a growth of 49.15% since 2019. HouGarden AVM estimates the property at $887,500. Notably, the property is in the decile 9 school zones of Middleton Grange, Cashmere High, and St Martins School, ensuring top-notch education for the family.

With a CV increase that outpaces the market and a prime location that promises leisure and convenience, this property presents a golden opportunity. The recent history shows a significant rise in value, indicating a sound investment. The 'as is, where is' basis of sale adds a layer of intrigue for buyers with a vision for transformation.

Educationally, the property is zoned for a selection of high-performing schools, including the highly regarded Cashmere High School and St Martins School, both with a decile rating of 9. This, combined with the property's potential for renovation, makes it an attractive prospect for families and investors alike.

Updated on September 17, 2024