8 North Avon Road, Richmond, Christchurch

Nestled on a quiet cul-de-sac at 8 North Avon Road, Richmond, Christchurch, this charming 3-bedroom bungalow on freehold land is a perfect blend of classic appeal and modern convenience. Constructed in 1910 with roughcast walls and tiled roof, the property presents an average condition both inside and out. Spanning a floor area of 121 square meters on a level plot of 688 square meters, it includes a single car park and is equipped with two heat pumps for year-round comfort. The current Capital Value (CV) of $505,000 represents a significant increase of 60.32% from the 2019 valuation of $315,000, showcasing a rapid appreciation. The property's latest sale history includes transactions in 2017 for $320,000 and in 2003 for $174,000, indicating a consistent growth trend. The HouGarden AVM estimates the property's worth at $490,000, making it an attractive prospect for investors and homeowners alike.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools. Middleton Grange School, a composite school with a decile rating of 9, is one of the many educational institutions in the vicinity. Others include Hillview Christian School (decile 7), Shirley Intermediate (decile 4), Banks Avenue School (decile 4), Christchurch Adventist School (decile 5), Mairehau High School (decile 4), Hagley Community College (decile 6), and Marian College (decile 8), offering a diverse range of educational options.

Whether you seek a comfortable family residence, a solid investment with rental potential, or a development opportunity, this property holds endless possibilities. With resource-consented plans for the construction of 4 three-bedroom townhouses, each with internal access garaging, the property presents a golden opportunity for developers looking to tap into the market's demand for modern housing.

Updated on July 24, 2024