61 Elizabeth Street, Riccarton, Christchurch

Nestled at 61 Elizabeth Street in the serene Riccarton neighborhood of Christchurch, this residential dwelling is a charming 2-bedroom, 1-bathroom property with 2 car parks. Constructed in 1955 with wood walls and an iron roof, both in good condition, this freehold home spans a floor area of 97 square meters on a levelled 506 square meter section. The property presents a prime example of a well-maintained classic, exuding potential for capital growth.

As per the government's valuation, the capital value has seen a remarkable increase of 50%, jumping from $480,000 in August 2019 to $720,000 in August 2022. The HouGarden AVM estimates the property's worth at $725,000, closely aligning with the latest sale on September 6, 2024, at $640,000.

For families with school-aged children, the property falls within a highly sought-after school zone. It is in close proximity to esteemed institutions such as Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), and Christchurch Girls' High School (Decile 9), ensuring access to quality education.

Updated on September 25, 2024