129 Deans Avenue, Riccarton, Christchurch

Nestled opposite the picturesque Hagley Park, this Freehold property at 129 Deans Avenue, Riccarton, Christchurch, presents a unique opportunity. It boasts a 2-bedroom residence with a sunroom and garage, set on a sprawling 822m2 land with an easy/moderate fall contour. Constructed in 1940 with wood walls and iron roofing, in average condition, this building site offers potential for new home builders to construct up to three levels, with additional space for apartments or structures. The property is zoned for multiple housing and has seen a CV of $1,120,000 as of August 2022, a 75% increase from the $640,000 CV in August 2019. With a HouGarden AVM of $1,125,000 and a prime school zone that includes top-rated secondary schools like Christchurch Boys' and Girls' High Schools, this is an exceptional building site not to be missed.

History shows a consistent rise in the capital value of this property, reflecting its desirability within the market. The recent sale history and the property’s AVM further validate its investment potential. This is further enhanced by the school network, which includes high-decile institutions such as Villa Maria College and Middleton Grange School, making it an ideal location for families.

Located in a sought-after school zone, this property is in close proximity to esteemed educational institutions like Kirkwood Intermediate and St Thomas of Canterbury College. The central location provides easy access to the vibrant CBD, Addington, and Riccarton, offering the best of both convenience and tranquility.

Updated on September 05, 2024