2f Broadbent Street, Riccarton, Christchurch

Nestled at 2f Broadbent Street, Riccarton, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1995 with roughcast walls and tiled roof, both in good condition, this level property offers a floor area of 80 square meters. The cross-lease title adds to the investment appeal. Notably, the capital value has surged by 56.92% from $325,000 in August 2019 to $510,000 in August 2022, showcasing a promising growth trend. The latest sale was recorded at $325,000 in June 2019, with a HouGarden AVM estimate of $515,000, indicating a lucrative opportunity for investors.

With a prime school zone, the area is served by esteemed institutions such as Christchurch Boys' High School and Christchurch Girls' High School, both decile 10. The property is also in proximity to other well-rated schools, making it an ideal choice for families with educational priorities. The location, further enhanced by its proximity to Hagley Park, Westfield Riccarton, and the University of Canterbury, is a significant advantage.

Investors and renovators alike will find this property, with its privacy, spacious townhouse layout, and potential for value addition, to be a golden opportunity. The presence of a heat pump, fully fenced backyard, internal access garaging, and additional parking, along with a rental appraisal of $520 a week, ensures a secure investment with promising returns.

Updated on September 20, 2024