2/88 Peverel Street, Riccarton, Christchurch

Nestled in the heart of Riccarton, this standalone two-bedroom townhouse with a carpark is a gem in the residential market. Constructed in 2021 with mixed materials for the walls and iron for the roof, this freehold property boasts a good wall and roof condition. Spanning an area of 80 square meters, it sits on a levelled 124 square meter land. The north-facing courtyard is perfect for low maintenance entertaining. The property is heated by a large heat pump, ensuring comfort throughout the year. It features an open plan kitchen, living, and dining area on the ground floor, with modern appliances included. Upstairs, you'll find two generous double bedrooms with wardrobes and a tiled bathroom. This property is in a prime location, close to Westfield Riccarton and various dining options, with excellent public transport links.

As for investment potential, the capital value has seen a significant increase of 40.43% from $470,000 in 2019 to $660,000 in 2022. The HouGarden AVM estimates it at $640,000, and the latest sale was recorded at $610,000 in 2024, showing a steady growth trend. Previous sales include a transaction at $545,000 in 2020.

Education is a key highlight, with the property being in the zone for top-rated schools such as Christchurch Boys' High School and Christchurch Girls' High School, both with a decile rating of 10 and 9 respectively. Other schools in the zone include Kirkwood Intermediate, Villa Maria College, and more, catering to various educational levels.

Updated on August 07, 2024