57a Lochee Road, Upper Riccarton, Christchurch

Nestled in the serene Upper Riccarton suburb at 57a Lochee Road, this vacant residential plot on a level contour boasts an attractive freehold title. While the specifics of the exterior walls and roof construction remain unknown, the site's potential is undeniable. With a land area of 941 square meters, it's a prime canvas for building your dream home. The property's central location is a significant draw, with amenities like the Bush Inn and Westfield Mall nearby, and it's just a 10-minute drive to the city center. Its proximity to the University of Canterbury and easy access to the Christchurch airport further enhance its appeal.

As for the financials, the capital value has seen a staggering increase of 79.66% from $295,000 in 2019 to $530,000 in 2022. The HouGarden AVM estimates the property's worth at $670,000, and the latest sale history shows transactions at $445,000 in 2024 and $522,000 in 2010. Clearly, this is an investment that's only gaining value.

For families with children, the school network is a significant plus. The Ilam School, with a decile rating of 6, is in the zone, along with the high-performing Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), St Thomas of Canterbury College (decile 8), and more. This address not only promises a quality education but also a sound investment for the future.

Updated on April 10, 2024