48a Richards Avenue, Papanui, Christchurch

Nestled in the serene cul-de-sac of Richards Avenue, this 1998-built, freehold property boasts 3 bedrooms, 2 carparks, and a sprawling 130sqm floor area on a level 408sqm section. The exterior is adorned with roughcast walls and a robust iron roof, both in good condition. The current Capital Value (CV) of $590,000 reflects a significant increase of 46% since 2019, outpacing the market. The property's latest sale in 1999 was for $186,000, while the HouGarden AVM estimates it at $562,500, hinting at its untapped potential.

With a CV growth rate that's sure to impress, this residence is not just a home but a sound investment. The property falls within the catchment of several high-performing schools, including Cobham Intermediate and St Patrick's School, both decile 8, and the prestigious Villa Maria College, decile 9. This address offers access to a wealth of educational opportunities, making it an ideal choice for families.

Embrace the prospect of living in a sought-after school zone, where the surrounding institutions are rated highly. The combination of a prime location, solid construction, and potential for further value appreciation makes this property a golden opportunity for both investors and families alike.

Updated on October 14, 2024