1/20 Ruakaka Street, Hornby, Christchurch

Nestled in the heart of Hornby, 1/20 Ruakaka Street presents a charming residential unit on offer. This 1976-built home boasts 2 bedrooms, 1 bathroom, and a single carpark, all within an 80 square meter floor area. The property features concrete walls and an iron roof, both in average condition, and is set on a level contour. It holds a Cross-Lease title, adding to its unique ownership structure.

With a current Capital Value (CV) of $420,000, this property has seen a 50% increase since 2019, reflecting a rapid growth rate. The HouGarden AVM estimates the property's worth at $402,500, while the latest sale history shows a progression from $187,000 in 2005 to $205,000 in 2010, indicating a steady rise in value. This is an opportunity not to be missed, especially in this affordable price range.

For families with school-aged children, the property falls within the zones of esteemed schools such as Villa Maria College (Decile 9), Hornby High School Years 7-8 (Decile 3), and St Thomas of Canterbury College (Decile 8), among others. This ensures access to quality education. With its convenient location, close to public transport, healthcare, and recreational amenities, this townhouse is an ideal entry-level home or a sound investment for rental returns.

Updated on October 17, 2024