19 Picton Avenue, Riccarton, Christchurch

Nestled in the heart of Riccarton at 19 Picton Avenue, this residential dwelling is a freehold property that boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 2003 with brick walls and an iron roof, both in good condition, this level property offers an inviting floor area of 88 square meters on a generous land plot of 185 square meters. The recent HouGarden AVM estimates the property's value at $582,500, reflecting a significant increase from the previous government valuation of $380,000 in 2019 to the current $580,000, marking a CV growth of 52.63%.

With a history of two sales, the latest being in 2024 for $600,000, this property presents an attractive investment opportunity. Its location is a key highlight, being zoned for reputable schools such as Christchurch Girls' and Boys' High, with other nearby educational institutions like Villa Maria College and Kirkwood Intermediate. The area is not only educationally enriched but also convenient, being in proximity to shopping centers, Hagley Park, and public transport.

For families with school-aged children, the property falls within a high-decile zone, ensuring access to quality education. The schools in the area, including Christchurch Girls' and Boys' High, are well-regarded and offer a decile rating that ranges from 6 to 10, indicating a high standard of education. This property is not just an investment; it's a choice for a lifestyle that values education and convenience.

Updated on September 18, 2024