2/8 Riccarton Road, Riccarton, Christchurch

Located at 2/8 Riccarton Road, Riccarton, Christchurch, this modern one-bedroom townhouse offers a unique blend of comfort and convenience. Built in 2021 with mixed materials for the walls and an iron roof, the property is in good condition, boasting a floor area of 56 square meters and a land area of 60 square meters. This freehold property falls under the Residential - Ownership home units category, featuring one bathroom, and despite having no carpark, it presents an open plan kitchen, living, and dining area on the first floor, alongside a large bedroom with a built-in robe and a beautifully tiled bathroom upstairs.

The capital value of this property has seen a notable increase from $410,000 in August 2019 to $455,000 in August 2022, marking a growth of approximately 10.98%. The latest sale recorded on January 7, 2024, was at $410,000, matching the sale price from December 10, 2019. With a HouGarden AVM of $437,500 and a rental assessment ranging between $450 to $465 per week, this property is an attractive investment. Its prime location near Hagley Park, Riccarton Mall, and various dining options on Riccarton Road enhances its appeal for both first-time buyers and investors looking for rental or Airbnb opportunities (subject to council consent).

The property is zoned for several reputable schools, including Ilam School (decile 6), Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), Christchurch Boys' High School (decile 10), Christchurch Girls' High School (decile 9), St Thomas of Canterbury College (decile 8), Riccarton High School (decile 6), Middleton Grange School (Years 11 - 13) (decile 9), Christchurch Adventist School (decile 5), and Hagley Community College (decile 6), making it an ideal choice for families.

Updated on April 06, 2024.