1/23 Maxwell Street, Riccarton, Christchurch

Nestled in the heart of Riccarton, Christchurch, at 1/23 Maxwell Street, this charming residential property presents a unique opportunity for first-time buyers, downsizers, or investors. This double-glazed, cross-lease home unit, built in 1976, boasts 2 double bedrooms, 1 bathroom, and a single garage with an automatic door. The property spans a floor area of 92m², featuring concrete walls in good condition and a tile roof also in good condition. The level contour of the property adds to its appeal, complemented by a private, fully fenced backyard courtyard that promises serene outdoor living. The home has recently undergone updates, including new carpet, paint, oven, and hot water cylinder, ensuring a fresh and inviting atmosphere.

The property has seen a significant increase in capital value, from $330,000 in August 2019 to $450,000 in August 2022, marking a 36.36% growth. The latest HouGarden AVM estimates the property's value at $432,500, while the most recent sale in February 2024 fetched $512,000, indicating a robust demand in the market. This growth trajectory underscores the property's investment potential and the ongoing interest in the Riccarton area.

Education is a cornerstone of this property's appeal, situated within the zones of several highly regarded schools. It offers access to Villa Maria College, Kirkwood Intermediate, Christchurch Boys' High School, Christchurch Girls' High School, St Thomas of Canterbury College, Riccarton High School, Middleton Grange School (Years 11 - 13), Wharenui School, Christchurch Adventist School, and Hagley Community College, catering to a wide range of educational needs from primary through to secondary levels. The decile ratings of these schools range from 3 to 10, reflecting the quality of education available in the vicinity.

Updated on April 04, 2024.