1/36 Nicholls Street, Richmond, Christchurch

Located in the serene neighborhood of Richmond, Christchurch, the property at 1/36 Nicholls Street is a testament to comfortable living in a residential dwelling. This cross-lease property, built in 1994, features mixed materials for its walls and an iron roof, both in good condition. The property stands on a level contour, boasting a floor area of 120 square meters, with ample space for parking. Its architecture promises a blend of durability and aesthetic appeal, making it an ideal choice for those looking to downsize or purchase their first home.

The financial journey of this property reveals a significant appreciation in value, with the capital value soaring from $400,000 in August 2019 to $630,000 by August 2022, marking a 57.5% increase. This growth is underscored by a recent sale in February 2024 for $575,000, slightly below the HouGarden AVM of $602,500, yet well above its initial sale price of $19,500 in October 1993. Such figures highlight the property's robust investment potential and its appeal in the current market.

Education is a cornerstone of the Richmond area, with the property being zoned for several reputable schools. These include Middleton Grange School and Marian College, both known for their high decile ratings and quality education. Other schools within the vicinity include Hillview Christian School, Shirley Intermediate, Banks Avenue School, Christchurch Adventist School, Mairehau High School, and Hagley Community College, offering a wide range of educational opportunities for families.

Updated on April 04, 2024.