10/59 Avalon Street, Richmond, Christchurch

Nestled at 10/59 Avalon Street, Richmond, Christchurch, this 75sqm, 2-bedroom, 1-bathroom residential unit with a single car park is a perfect blend of modern living and convenient location. Constructed with a mix of materials for the walls and iron for the roof, this 2023-built property is in a good condition both inside and out. It sits on a level contour, freehold land area of 88sqm. The property's Capital Value (CV) as of August 2022 is $600,000, reflecting a promising growth potential.

With a recent sale history on October 18, 2021, at $610,000, and an estimated value of $547,500 by HouGarden AVM, this property offers a clear investment opportunity. The CV has shown a significant increase over the years, signaling a rapid rise in capital value. Currently tenanted at $630 per week, it's a perfect investment for those looking to enter the property market.

For families with children, the property falls within the catchment area of several reputable schools. Middleton Grange School (Decile 9) caters to Years 11-13, Hillview Christian School (Decile 7) is also nearby, along with Shirley Intermediate (Decile 4), Banks Avenue School (Decile 4), Christchurch Adventist School (Decile 5), Mairehau High School (Decile 4), Hagley Community College (Decile 6), and Marian College (Decile 8), ensuring a quality education for all ages.

Updated on December 06, 2024