1/40 Rhodes Street, Merivale, Christchurch

Nestled in the exclusive Rhodes Street of Merivale, Christchurch, this freehold property boasts a modern construction from 2016 with mixed materials for the walls and iron for the roof. It features 3 bedrooms, a generous floor area of 186 square meters, and a land area of 214 square meters, complete with 2 carparks. The property is in a level contour, with both the walls and roof in good condition. Notably, the capital value has seen a significant increase of 61.74% from $1,150,000 in 2019 to $1,860,000 as of 2022.

With a HouGarden AVM of $1,842,500 and the latest sale recorded at $1,675,000 in 2024, this property presents a sound investment opportunity. The historical sale in 2015 was at $1,180,000, highlighting the consistent growth in value. It is zoned for high-density living, offering versatile options for development.

Educationally, the property falls within the catchment area of several high-performing schools, including Burnside High School (Decile 8), St Patrick's School (Decile 10), Heaton Normal Intermediate (Decile 9), Christchurch Boys' and Girls' High Schools (Deciles 10 and 9 respectively), and more. This prime section in a key location is perfect for families seeking quality education and a desirable lifestyle.

Updated on November 07, 2024