Nestled on a levelled 612sqm freehold section at 105 Edward Street, Lincoln, Selwyn, this residential-vacant property is primed for building your dream home. With unknown specifics for the wall and roof construction, it presents a clean slate for your architectural vision. The property is strategically located within a short 5-minute walk to local amenities like the gym, cafes, bakery, and restaurants, and a mere 5-minute drive to the New World supermarket and the heart of Lincoln town. The site's potential is further enhanced by its school zoning, being just a 2-minute drive from both Lincoln Primary and Lincoln High School.
As for the financials, the property's capital value as of September 2021 stands at $400,000, with the HouGarden AVM estimating a slightly lower value. The latest sale history shows a significant increase, from $213,043 in March 2021 to $291,304 in March 2024, indicating a robust growth percentage. This is a clear reflection of the property's increasing desirability and investment potential.
For families with educational considerations, the property falls within the catchment area of some of the best schools. These include Villa Maria College (Decile 9), Lincoln Primary School (Decile 10), Lincoln High School (Decile 10), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), Aidanfield Christian School (Decile 8), and Christchurch Adventist School (Decile 5). The vendor is open to considering all offers, making this an attractive opportunity not to be missed.
Updated on April 18, 2024