8 Kahu Road, Riccarton, Christchurch

Located at 8 Kahu Road, Riccarton, Christchurch, this unique property offers a compelling investment opportunity. Comprising two homes on a freehold title of approximately 815sqm, the property features a total of 6 bedrooms, 2 bathrooms, and 2 carparks. The main house, facing the street, spans approximately 160sqm and includes three double bedrooms and double garaging. The rear house provides an additional 82sqm of living space, also with three bedrooms. Both homes, constructed in 1930 with wood walls and an iron roof, show signs of age with the wall condition rated as fair and the roof as average. The property's level contour adds to its appeal, making it an attractive proposition for investors or developers.

The property's capital value has seen significant growth, from $740,000 in August 2019 to $1,190,000 in August 2022, marking a 60.81% increase. This growth is supported by a HouGarden AVM of $1,170,000. Historical sales data reveals the property was last sold for $400,000 in April 2005, following a previous sale for $210,000 in December 1998. This trajectory underscores the property's substantial appreciation over time and highlights its potential as a lucrative investment.

Education is a key consideration for many property buyers, and this property does not disappoint. It is zoned for a range of high-decile schools, including Christchurch Boys' High School and Christchurch Girls' High School (both decile 10), Villa Maria College (decile 9), and Burnside High School (decile 8), among others. This wide selection of quality educational institutions enhances the property's attractiveness to families and investors alike, promising a steady demand for rental or resale.

Updated on March 22, 2024.