Nestled at 17 Paeroa Street, Riccarton, Christchurch, this 1940s freehold brick residence boasts 5 well-proportioned bedrooms and 2 car parks. The property, with a floor area of 146 sqm and a land area of 449 sqm, features a tile roof and brick walls in average condition. The capital value has seen a rapid increase of 44.90% from $490,000 in 2019 to $710,000 in 2022. The latest sales were recorded at $777,500 in 2024 and $630,000 in 2021, with the HouGarden AVM estimating the property's worth at $705,000.
For families with school-aged children, the property falls within the zones of several high-performing schools, including Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), and Christchurch Girls' High School (Decile 9), ensuring access to quality education.
Currently leased for $825 per week until November 2024, with a new fixed term tenancy signed for $925 per week from November 2024 to November 2025, this property offers a secure investment with promising prospects for both rental income and capital appreciation.
Updated on November 13, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.25 km | 5 | 129m2 | 2024 11 21 | $820,000 | Council approved | ||
 | 0.24 km | 2 | 1 | 60m2 | 2024 11 07 | - | Council approved | |
 | 0.24 km | 2 | 1 | -m2 | 2024 11 07 | - | Council approved | |
 | 0.16 km | 2 | 120m2 | 2024 08 07 | $620,000 | Council approved | ||
0.26 km | 2 | 1 | 60m2 | 2024 08 07 | $475,000 | Council approved |