Nestled at 27 Forest View Road, Little River, Christchurch, this residential vacant land boasts a freehold title, sitting on a levelled contour of 994 square meters. While the specifics of the wall and roof construction remain unknown, the property presents a promising investment with a capital value that has seen an impressive increase.
As per the government's valuation, the capital value has surged from $85,000 in August 2019 to $155,000 by August 2022, indicating an increase of 82.35%. The HouGarden AVM estimates the property's worth at the same figure, while the latest sale history shows a transaction at $125,000 in September 2024, a significant leap from the $66,000 sale in April 2007.
For families with school-aged children, the property falls within the catchment area of several high-performing schools. These include Villa Maria College (Decile 9), Lincoln High School (Decile 10), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Years 11-13, Decile 9), Aidanfield Christian School (Decile 8), and Christchurch Adventist School (Decile 5), ensuring access to quality education.
Updated on September 11, 2024