271 Marine Parade, New Brighton, Christchurch

This charming beachside cottage located at 271 Marine Parade, New Brighton, Christchurch, offers a unique opportunity for those looking to redevelop or renovate. Built in 1920, the property features two double bedrooms, a family bathroom, and a living, kitchen, and dining area that opens directly onto the deck. With a floor area of 89m2 and sitting on a generous 582m2 freehold section, this residence is constructed with wood walls and an iron roof, both in fair condition. The level contour of the property adds to its appeal, making it a canvas ready for transformation.

The property has seen a significant increase in capital value, jumping from $300,000 in August 2019 to $500,000 in August 2022, marking a 66.67% increase. Despite this, the HouGarden AVM estimates its value at $490,000. The latest sale recorded was in February 2006 for $380,000. This 'as is where is' property, damaged by earthquakes, presents an undeniable potential for value addition, whether through renovation or complete redevelopment.

Located in a desirable school zone, the property is zoned for Avonside Girls' and Shirley Boys' High Schools, both with a decile rating of 6. It also falls within the catchment areas for Middleton Grange School (decile 9), Hillview Christian School (decile 7), Rawhiti School (decile 3), Haeata Community College (decile 1), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), and Marian College (decile 8), offering a range of educational options for families.

Updated on March 27, 2024.