4/71b Main Road, Redcliffs, Christchurch

Nestled in the tranquility of a quiet cul-de-sac at 4/71b Main Road, Redcliffs, Christchurch, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1980 with concrete walls and tiled roofing, the property sits on a level contour and offers a floor area of 74 square meters. Despite the walls and roof being in a poor condition, the unit holds a Unit Title and presents a promising investment opportunity with a CV of $590,000 as of August 2022.

History shows a significant increase in the capital value, jumping from $340,000 in August 2019, reflecting a growth rate of 73.53%. The HouGarden AVM estimates the property's worth at $537,500, while the latest sales records from November 14, 2024, and January 14, 2023, indicate transactions at $610,000 and $580,000 respectively.

For families with school-aged children, the property falls within the zone of several esteemed institutions. Middleton Grange School (Years 11-13) rates a high decile 9, Hillview Christian School stands at decile 7, Te Raekura Redcliffs School at decile 10, and Marian College at decile 8. Other schools in the area include Christchurch Adventist School, Hagley Community College, and Te Aratai College (Year 7&8), catering to diverse educational needs.

Updated on December 18, 2024