8 Bowman Place, Sockburn, Christchurch

Welcome to 8 Bowman Place, Sockburn, Christchurch, a remarkable investment opportunity in Upper Riccarton. This residential dwelling boasts six bedrooms and is built with fibrous cement walls and an iron roof, reflecting good condition in both aspects. The property, established in 1980, spans a floor area of 148sqm on a generous 606sqm of freehold land. It features a level contour, ensuring ease of access and utilization.

Since its last sale in November 2018 for $493,630, the property has seen a significant capital value increase to $690,000 as of August 2022, marking a 38% growth. This is complemented by a HouGarden AVM of $660,000. The latest sale, in February 2024, was at $660,000, aligning with the AVM. This property not only promises a stable investment but also showcases a rapid appreciation in value, offering potential rental income of up to $900 per week.

Located within a prime school zone, this property is surrounded by reputable institutions including Villa Maria College (Decile 9), Riccarton School (Decile 3), St Thomas of Canterbury College (Decile 8), Riccarton High School (Decile 6), Middleton Grange School (Years 11 - 13, Decile 9), Christchurch Adventist School (Decile 5), and Hagley Community College (Decile 6). This diverse range of educational options enhances the property's appeal to families and investors alike.

Updated on April 04, 2024.