Discover the architectural marvel at 86 Penruddock Rise, Westmorland, Christchurch, a residence that has not changed hands in 38 years. This freehold property spans a generous 280 square meters of floor area on an 874 square meter land parcel. Built in 1985 with wood walls and an iron roof, both in good condition, it features an easy/moderate fall contour. The home boasts four spacious bedrooms, a sunroom, and a versatile room, complemented by two carparks, and is nestled in a serene setting with native plantings and panoramic views.
Since 2019, the capital value of this property has surged from $640,000 to $980,000, marking a 53.125% increase, with a current HouGarden AVM estimate at $965,000. This growth underscores the property's substantial value appreciation and investment potential. The property's strategic location and its architectural uniqueness have contributed to its rapid capital value increase, making it a sought-after asset in Christchurch's real estate market.
Education is a priority, with the property zoned for top-tier schools including Thorrington School and Cashmere High School, both with a decile rating of 10 and 9 respectively. Additionally, it falls within the catchment area for several other prestigious institutions, offering a wide range of educational opportunities for families. This home is not just a dwelling but a gateway to exceptional educational prospects in Christchurch.
Updated on March 22, 2024.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 4 | 2 | 250m2 | 2024 05 16 | $1,100,000 | Council approved | |
0.30 km | 3 | 296m2 | 2024 04 18 | $1,080,000 | Council approved | |||
 | 0.17 km | 4 | 2 | 220m2 | 2024 03 06 | $1,140,000 | Council approved | |
 | 0.13 km | 5 | 280m2 | 2024 01 31 | $930,000 | Council approved | ||
 | 0.30 km | 4 | 2 | 260m2 | 2024 01 23 | $976,500 | Council approved |