85 Rattray Street, Riccarton, Christchurch

Located at 85 Rattray Street, Riccarton, Christchurch, this residential dwelling boasts four bedrooms, one bathroom, and no car parking spaces, covering a floor area of 118 square meters on a freehold land area of 375 square meters. Constructed in 1930 with wood walls in good condition and an iron roof also in good condition, this property sits on a level contour. The house features two spacious living areas, a tidy kitchen, and bathroom, complemented by two heat pumps and a favorable aspect towards the sun. It is zoned for Residential Suburban Density Transition Zone.

The property has seen a significant increase in capital value, from $435,000 in August 2019 to $620,000 in August 2022, marking a 42.53% growth. The HouGarden AVM estimates its value at $592,500. It has a history of sales, with the latest being $425,000 in February 2016. Previously, it sold for $378,000 in February 2013. Currently tenanted on a fixed-term lease until November 2024, it presents an excellent opportunity for a readily rentable investment.

Education is a highlight, with the property falling within the zones for several high-decile schools including Christchurch Boys' High School and Christchurch Girls' High School, both decile 10 and 9 respectively. Other nearby educational institutions include Villa Maria College, Kirkwood Intermediate, St Thomas of Canterbury College, Riccarton High School, Middleton Grange School, Wharenui School, Christchurch Adventist School, and Hagley Community College, offering a wide range of options for all educational levels.

Updated on April 04, 2024.