3/18 Division Street, Riccarton, Christchurch

Located at 3/18 Division Street, Riccarton, Christchurch, this residential property offers a serene retreat in a prime location. The home, built in 1990, features two spacious bedrooms, a well-maintained brick exterior, and an iron roof, both in good condition. The property is set on a level contour with a floor area of approximately 120sq m, and it comes with one carpark. It is a Cross-Lease title under the category of Residential - Ownership home units. The interior boasts freshly painted walls, near-new carpet, and is kept warm in winter with a heat pump, ensuring a comfortable living environment year-round. The living area opens to a fully fenced, easy-care garden, perfect for summer entertaining. Additional conveniences include a separate toilet, separate laundry, and an internal access garage with an automatic door.

Over the years, the property has seen significant growth in its capital value, increasing from $385,000 in August 2019 to $600,000 in August 2022, marking a 55.84% increase. The HouGarden AVM estimates the property's value at $572,500. The latest sale records show a transaction at $585,000 on January 30, 2024, following a previous sale at $490,000 on April 24, 2021. This trajectory underscores the property's strong investment potential and its appeal in the market.

The property is situated in an enviable school zone, offering access to top-rated educational institutions. These include Villa Maria College, Kirkwood Intermediate, Christchurch Boys' High School, Christchurch Girls' High School, St Thomas of Canterbury College, Riccarton High School, Middleton Grange School (Years 11 - 13), Wharenui School, Christchurch Adventist School, and Hagley Community College. The decile ratings range from 3 to 10, reflecting a diverse selection of quality schooling options for families.

Updated on April 05, 2024.