1/70 Peer Street, Upper Riccarton, Christchurch

Located at 1/70 Peer Street, Upper Riccarton, Christchurch, this residential dwelling boasts a cross-lease title with a floor area of 147 square meters. Constructed in 1960, the property features wood wall construction and tile roofing, both in good condition. It sits on a level contour with two carparks available, highlighting its practicality and appeal. The property's timeless charm and functionality make it an ideal place to call home, offering a seamless flow between the open-plan kitchen, dining, and lounge areas. Sunlight fills every corner, enhancing the fresh carpets and creating a welcoming space for gatherings and daily living.

From a financial perspective, the capital value of this property has seen a significant increase from $430,000 in August 2019 to $590,000 in August 2022, marking a 37.21% growth. The HouGarden AVM estimates its value at $577,500. Historical sales data reveals a steady appreciation, with sales at $360,000 in February 2009 and $440,000 in November 2018. This trend underscores the property's investment potential, especially considering the current owner's motivation to sell, presenting a prime opportunity for buyers looking to explore new rental strategies, personal residence considerations, or value-adding renovations.

The property is ideally located within excellent school zones, offering a range of educational opportunities. It falls within the zones for Avonhead School (decile 7), Villa Maria College (decile 9), 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). These options provide families with a variety of choices for their children's education, from full primary to secondary and composite schooling.

Updated on March 21, 2024.