30 Nga Tupuna Street, Pegasus, Waimakariri

Introducing a prime piece of real estate at 30 Nga Tupuna Street, Pegasus, Waimakariri, this property represents an exceptional opportunity. Classified as 'Residential - Vacant', it spans an impressive 813sqm of level land, offering ample space for development. The property is under freehold ownership, ensuring no complications with leaseholds. Despite the lack of detailed information on the building's specifics, such as bedrooms, bathrooms, and floor area, the potential for creating a custom residence or investment property is immense. The property's location in a serene area, a few blocks from the lake and within walking distance to Pegasus Bay School and various community amenities, underscores its appeal.

From a financial perspective, the property has shown remarkable growth. The capital value has surged from $180,000 on August 1, 2019, to $395,000 by July 1, 2022, marking a 119.44% increase. This rapid appreciation is a testament to the area's rising popularity and the property's investment potential. The latest sale on February 4, 2024, fetched $440,000, further evidencing its escalating value. The HouGarden AVM estimates the property's worth at $387,500, aligning closely with its market trajectory.

The property is ideally situated within excellent school zones, enhancing its desirability for families. It falls within the catchment areas for Pegasus Bay School (decile 10), Rangiora New Life School (decile 9), Kaiapoi High School (decile 7), Christchurch Adventist School (decile 5), and Marian College (decile 8). These schools offer a range of educational options, from full primary to secondary (Year 9-15) and composite types, catering to diverse academic needs and preferences.