4/39 Brockworth Place, Riccarton, Christchurch

Located at 4/39 Brockworth Place, Riccarton, Christchurch, this residential property offers a unique opportunity for both first-time buyers and investors. The unit, part of a block of only four, features 2 bedrooms, 1 bathroom, and a single carpark, with a floor area of 60 square meters. Constructed in 1971 with concrete walls and tile roofing, both in good condition, this cross-lease property sits on a level contour. The interior remains in its original condition, presenting a blank canvas for those looking to add their personal touch or increase value through renovations. The north-facing living area and kitchen that opens to the rear garden, along with a heat pump for efficient temperature control, make this home both comfortable and functional. The property also boasts a fully fenced, private garden that faces north and west, maximizing sunlight.

Over the past few years, the capital value of this property has seen significant growth, from $250,000 in August 2018 to $385,000 in August 2021, marking a 54% increase. The latest HouGarden AVM estimates the property's value at $377,500. Historical sales data reveals a steady appreciation in value, with sales recorded at $200,500 in April 2012 and $265,000 in August 2018. This trend underscores the property's potential as a solid investment.

The property is exceptionally positioned within the school zones of Christchurch Boys' and Girls' High Schools, both with a decile rating of 9 and 10, respectively, and less than 4km from Canterbury University. It also falls within the zones for Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), St Thomas of Canterbury College (decile 8), Riccarton High School (decile 6), Middleton Grange School (decile 9), Wharenui School (decile 3), Christchurch Adventist School (decile 5), and Hagley Community College (decile 6). This wide range of high-quality educational options makes it an ideal location for families and those planning for the future.