43 Pavitt Street, Richmond, Christchurch

Nestled in the serene environment of 43 Pavitt Street, Richmond, Christchurch, this freehold property boasts a charming 3-bedroom and 1-bathroom layout within a levelled 278sqm land area. Constructed in 1940 with wood walls and an iron roof, both in average condition, this residence presents a warm and inviting living space of 71sqm. The current Capital Value of $475,000 reflects a 50.79% increase since 2019, showcasing a promising investment opportunity. The property is not only centrally located but also falls within a desirable school zone, enhancing its appeal.

With a HouGarden AVM of $465,000 and recent sales history, including a sale in 2024 for $330,434, this property offers a solid financial foundation. The CV growth trajectory and the potential for further development make it an attractive prospect for both homeowners and investors.

Educationally, the property is zoned for several reputable schools, including Middleton Grange School (Decile 9) and Marian College (Decile 8), ensuring a high standard of education for the family. The convenience of the location, coupled with the property's potential, makes it a stand-out choice in the market.

Updated on August 28, 2024