3/53 Alexandra Street, Richmond, Christchurch

Embrace this exquisite opportunity in the heart of Richmond, Christchurch. This 2-bedroom, 1-bathroom unit with a single carpark, built in 1975, stands solid with its brick exterior and tiled roof, both in good condition. Enjoying a prime location, it offers a serene lifestyle within a levelled property contour. The home, with a floor area of 70 square meters, is under a Cross-Lease ownership. Notably, the Capital Value (CV) has seen a remarkable increase of 59.57% from $235,000 in 2019 to $375,000 as of 2022. The HouGarden AVM estimates it at $367,500, while the latest sale was recorded at $419,000 in 2024, signifying a substantial growth from the previous sale in 2008 at $180,000.

For families with children, the property falls within a desirable school zone. Middleton Grange School, Hillview Christian School, and Marian College are among the high decile institutions in the area. The convenience of having well-regarded schools nearby adds immense value to this property. Whether you seek an investment with excellent potential or a home in a thriving educational community, this property is a stand-out choice.

Located in a quiet cul-de-sac, this property is not only an ideal starting point for first home buyers but also an attractive prospect for investors. The updated interior, complete with a heat pump for year-round comfort, and a modern kitchen, is move-in ready. With easy access to the CBD and a range of amenities, this residence presents an unparalleled blend of comfort, convenience, and potential for growth.

Updated on July 26, 2024