23 Portchester Street, Aranui, Christchurch

Nestled at 23 Portchester Street in the serene Aranui, Christchurch, this residential vacant land boasts a level contour on a freehold title. With an area of 731m2, it presents a solid investment opportunity. The property's wall and roof construction are yet to be determined, but this does not diminish its potential value.

As per the latest records, the capital value has seen a significant surge from $70,000 in 2019 to $140,000 in 2022, indicating a 100% increase. The HouGarden AVM estimates the property's worth at $142,500, further validating its appreciating value. The history of tenders considered above $60,000 speaks to the property's allure and investment potential.

For families with educational considerations, this property falls within the zones of several reputable schools. Middleton Grange School, a composite institution with a decile rating of 9, is one of the many highlights. Hillview Christian School (decile 7), Haeata Community College (decile 1), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), and Marian College (decile 8) are among the options available, catering to various educational needs and preferences.

Updated on September 16, 2024