55 Centennial Avenue, Riccarton, Christchurch

Located at 55 Centennial Avenue, Riccarton, Christchurch, this freehold property offers a unique blend of charm and potential. The 1940s bungalow, covering a floor area of 107sqm on a generous 711sqm section, features three bedrooms, a family bathroom, separate toilet, and laundry room. The combined kitchen and dining area, complemented by a separate lounge with a heat pump, ensures comfortable living. The property boasts a single garage and off-street parking, with exterior walls of roughcast and a tiled roof, both in average condition. This level property, nestled in a prime location, is perfect for investment or potential development within the Residential Suburban Density Transition (RSDT) zone.

Over the years, the capital value (CV) of this property has seen significant growth, from $450,000 in August 2019 to $620,000 in August 2022, marking a 37.78% increase. The latest sale in February 2024 fetched $730,000, up from $640,000 in February 2022, reflecting the property's increasing appeal and value. The HouGarden AVM estimates the property's value at $592,500, underscoring its investment potential and development opportunities.

The property is zoned for some of Christchurch's top schools, including Christchurch Boys' and Girls' High Schools, both with a decile rating of 10 and 9 respectively, and Villa Maria College, also rated decile 9. Other nearby schools include Kirkwood Intermediate (decile 7), St Thomas of Canterbury College (decile 8), and Riccarton High School (decile 6), offering excellent educational opportunities for families.

Updated on April 04, 2024.