183 Union Street, New Brighton, Christchurch

Nestled on a level plot at 183 Union Street, New Brighton, Christchurch, this vacant residential property boasts a freehold title. With an unknown roof and wall construction, this blank canvas of approximately 238 square meters invites the imaginative to draw their dream home. The site's potential is further enhanced by its proximity to the pier-side development and the New Brighton Center Master Plan, aiming to revitalize the area as Christchurch's eastern playground.

Financially, the property has seen a significant Capital Value increase of 209% from $55,000 in 2019 to $170,000 as of 2022. The HouGarden AVM mirrors this figure, indicating a strong market sentiment. Historically, such rapid CV growth is a promising sign for investors and developers alike.

For families, the property falls within a desirable school zone. Notable institutions include Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Shirley Boys' High School (Decile 6), among others. This mix of educational facilities ensures a quality education for children of all ages.

Updated on September 05, 2024