2/36 Brockworth Place Riccarton, Christchurch City

Buyer Enquiry Over $289,000. Yes, this centrally located townhouse on TC2 land is a great deal (RV is $367,000), because it may need some work. The current owners bought it brand new in 1994, but the exterior cladding is monolithic, and non-invasive moisture testing has identified some areas which may have water tightness issues. The asking price therefore takes this into account, and the property would be an ideal project for a builder or investment buyer.

Note: the home is perfectly liveable as is. It is currently occupied on a fixed term tenancy until January 2014. The current rental of $385 per week was set back in January 2013.

This two storey townhouse is in a great location off Deans Ave, close to the city, hospital, Hagley Park, and the popular entertainment and shopping suburbs of Riccarton and Addington. It's in the zone for Christchurch Boys and Girls High Schools, with Canterbury University up the top end of Riccarton Road, and CPIT across Hagley Park.

One of five townhouses in the block, it features a large open plan living and dining area, with a courtyard off the lounge that captures the sun. With three double bedrooms, one bathroom, two toilets, and a single internal access garage with an automatic door, this home has an excellent combination to suit most needs. The investment property market in Christchurch is very tight at the moment - you'll need to be in quick to secure this property at such a great price.

There is an EQC claim in place. Email me now for scope of works and further information including a weather tightness report.

Follow me on www.facebook.com/realestatechch for all my latest listings.