11 Forth Street, Richmond, Christchurch

Nestled at 11 Forth Street, Richmond, Christchurch, this charming dwelling on a freehold title boasts 3 bedrooms, 1 bathroom, and a generous floor area of 67 square meters. Constructed in 1920 with wooden walls and an iron roof, this level property has seen recent renovations that include a full repaint and new carpeting, enhancing its appeal and value. The capital value has surged by 51.93% over the past three years, from $260,000 in 2019 to $395,000 as of 2022. The property is heated by a heat pump and features underfloor insulation for year-round comfort. The kitchen opens up to a private, north-facing backyard, perfect for outdoor activities or potential development. With a HouGarden AVM of $392,500 and a latest sale price of $455,000 in 2024, this property presents a sound investment opportunity. It's situated in a prime location, just a 10-minute drive from Hagley Park and the hospital, and a 5-minute walk to local amenities.

From a valuation perspective, the property has shown a significant increase in its government-assigned capital value. The latest sale history also indicates a substantial growth from $120,000 in 2016 to the recent sale in 2024. This rise in value is complemented by the property's position in a desirable school zone. It falls within the catchment areas of Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and several other well-regarded institutions, making it an ideal choice for families with children.

Not only does this property offer a convenient and comfortable living environment, but it also meets the Healthy Homes Compliance requirements. Whether you're a first-time buyer or a savvy investor, this stunning starter home or savvy investment is ready for its new owner, offering a blend of tasteful improvements and city convenience.

Updated on November 13, 2024