1/59 Waimairi Road, Upper Riccarton, Christchurch

Nestled in the serene cul-de-sac of 1/59 Waimairi Road, this 84sqm, 2-bedroom, 1-bathroom freehold townhouse is a gem for first-time property buyers. Constructed with a mix of materials and an iron roof in 2021, the property boasts good wall and roof conditions, and a level contour. The north-facing courtyard enjoys morning sun and captures the afternoon rays, while the securely fenced property offers a shed for storage and a dedicated parking space. Notably, the capital value has surged by 38% from $500,000 in 2019 to $690,000 in 2022, with a HouGarden AVM of $695,000, and a recent sale history of $556,000 in 2020.

For families with school-aged children, the property falls within the zones of Ilam School (Decile 6), Villa Maria College (Decile 9), and other well-rated institutions. Its proximity to the university also makes it an ideal choice for mature students or faculty members.

With the seller offering immediate vacant possession, this townhouse presents a golden opportunity that should not be missed.

Updated on September 23, 2024