7/18 Rastrick Street, Merivale, Christchurch

Nestled in the prestigious Rastrick Street, Merivale, this 2-bedroom unit with a single carpark, built in 1996, offers a perfect blend of modern living and solid construction. The Unit Title property, with an iron roof and concrete walls in good condition, boasts a floor area of 120sqm. Currently valued at $730,000 by the government, it has seen a remarkable CV increase of 35.2% since 2019. The property is situated in a level contour, ensuring a peaceful and private lifestyle in this quiet cul-de-sac.

History shows a consistent rise in value, with the latest sale in 2020 at $545,000, and a HouGarden AVM estimate of $735,000, reflecting the investment potential of this property in a sought-after location. The capital appreciation is a testament to the property's allure and the area's desirability.

For families with school-aged children, the property falls within the catchment area of several high-performing schools, including Burnside High School (Decile 8), St Patrick's School (Decile 10), and Christchurch Boys' and Girls' High Schools (Deciles 10 and 9 respectively), ensuring access to quality education.

Updated on October 02, 2024