Nestled in the serene Upper Riccarton, Christchurch, 25a Auburn Avenue presents a charming residential dwelling on a cross-lease title. Constructed in 1950 with wood exterior walls and tiled roofing, this 103sqm home boasts 4 bedrooms and a carpark. With an average wall and roof condition, it sits on a level contour, promising ease of maintenance. The property has seen a significant Capital Value increase of 44.74% from $380,000 in 2019 to $550,000 as of 2022. HouGarden AVM estimates it at $542,500, while the latest sale history shows a leap from $287,000 in 2007 to $640,000 in 2024, indicating a promising investment opportunity.
For families with school-aged children, the property falls within the catchment of various esteemed institutions. Ilam School, Villa Maria College, and Middleton Grange School are among the high-decile options, while Riccarton School and others provide diverse educational opportunities. This, coupled with the property's location near Westfield Mall and the University of Canterbury, ensures a high demand for rental accommodation, potentially yielding impressive returns.
Currently leased at $640 per week, with the potential to increase to $740, this property offers an entry-level investment with a strong yield. Its compliance with Healthy Homes standards and the convenience of off-street parking add to its allure. Don't miss the chance to secure this valuable asset with a promising future.
Updated on November 07, 2024
街道地址 | 距離 | 房間數 | 浴室數 | 建築面積 | 售出時間 | 售出價格 | 數據來源 | |
|---|---|---|---|---|---|---|---|---|
 | 0.35 km | 3 | 1 | -m2 | 2024年10月16日 | - | Council approved | |
 | 0.13 km | 4 | 1 | 104m2 | 2024年08月23日 | - | Council approved | |
 | 0.34 km | 2 | 1 | 95m2 | 2024年08月16日 | $529,000 | Council approved | |
 | 0.27 km | 3 | 135m2 | 2024年07月25日 | $860,000 | Council approved | ||
 | 0.32 km | 3 | 2 | 160m2 | 2024年07月23日 | - | Council approved |