103 Rugby Street, Merivale, Christchurch

Nestled in the heart of Merivale, this 3-bedroom, 2-bathroom residence with a floor area of 170sqm is set on a generous 555sqm section. Constructed in 1970 with concrete walls and tiled roof, this freehold property at 103 Rugby Street offers an average wall condition and a fair roof condition. The capital value has seen a significant increase of 60%, from $770,000 in 2019 to the current $1,230,000 as per the latest government valuation. The property is complemented by a quiet cul-de-sac location, close to Merivale Mall, Hagley Park, and Victoria Street. The recent sale history boasts a price of $1,430,000 in 2024, and the HouGarden AVM estimates the property's worth at $1,220,000.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Burnside High School, Christ the King School, St Patrick's School, and Heaton Normal Intermediate, to name a few. These schools offer a range of educational opportunities and are rated highly in the decile system.

With a prime location, quality construction, and a strong CV growth history, this property presents a compelling investment opportunity.

Updated on November 20, 2024