125 Elizabeth Street, Riccarton, Christchurch

Nestled in the desirable Riccarton, this 4-bedroom, 1-bathroom residence with 2 car parks is a gem on a 403sqm freehold section. Constructed in 1940 with brick walls and tiled roof, the property boasts an average condition with a recent refresh. The spacious floor area of 120sqm includes a large lounge with a heat pump, a modern kitchen with a range hood and dishwasher, and polished floors. The brand new roof and low maintenance fully fenced yard add to the appeal. Notably zoned for Christchurch Boys' High School, it's also convenient to Middleton Grange and Westfield Mall. The property has seen a 44.19% CV increase from $430,000 in 2019 to $620,000 in 2022, with a HouGarden AVM of $612,500 and a latest sale of $615,000 in 2024.

With a history of escalating government valuations and a recent sale, this property presents a sound investment. The CV growth percentage is a testament to the area's desirability and potential for future value appreciation.

Educationally endowed, the property falls within the zones of highly rated schools such as Villa Maria College (Decile 9), Kirkwood Intermediate (Decile 7), and Christchurch Girls' High School (Decile 9), ensuring a quality education for the family.

Updated on November 20, 2024