18 Carrick Street, Mairehau, Christchurch

Nestled on a quiet cul-de-sac at 18 Carrick Street, Mairehau, Christchurch, this freehold property offers a generous 114 square meters of floor area on a sprawling 607 square meter section. Constructed in 1920 with wood walls and an iron roof, both in average condition, this home presents a blank canvas for renovation or redevelopment. The current Capital Value (CV) of $970,000 represents a significant increase of 136.59% from its previous valuation in 2019. The property also boasts a double standalone garage and is conveniently located near public transport and local amenities such as The Palms Mall and Shirley Road shops.

With a HouGarden AVM of $902,500 and a history of sales in 1996 and 1993, this property holds investment potential. The CV growth and the potential for further enhancement make it an attractive opportunity. The latest sale was for $124,000 in 1996, showcasing the property's appreciating value over time.

For families, the property falls within the zones of several reputable schools, including Middleton Grange School (Decile 9), Emmanuel Christian School (Decile 8), Mairehau Primary and High School, and others. This ensures access to quality education for all ages.

Updated on July 11, 2024