40 Avalon Street, Richmond, Christchurch

Nestled at 40 Avalon Street, Richmond, Christchurch, this charming 2-bedroom, 1-bathroom residence with 2 car parks is a rare find. Constructed in 1900 with roughcast walls and an iron roof, this freehold property sits on a level contour with a floor area of 82 sqm and a land area of 420 sqm. The current Capital Value (CV) of $570,000 reflects a 50% increase since 2019, showcasing its investment potential. The property, with average wall and roof conditions, has been thoughtfully renovated to blend its original character with modern amenities, including double glazing, a heat pump, and gas hot water.

With a HouGarden AVM of $530,000 and a history of sales at $330,000 in 2010 and $244,000 in 2008, this property is priced attractively with offers over $589,000. The CV growth and sales history indicate a sound investment in a sought-after location. The property's quiet cul-de-sac street offers privacy and is conveniently located near the CBD and New World.

For families, the property falls within the catchment area of several well-regarded schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and others. This blend of convenience, investment potential, and access to quality education makes this property an ideal choice for those seeking a balanced lifestyle.

Updated on May 03, 2024