10 Chokebore Place, Sockburn, Christchurch

Nestled at the end of a quiet cul-de-sac in Sockburn, this 707 square metre vacant section at 10 Chokebore Place offers an exciting opportunity on a freehold property. With an unknown roof and wall construction, this level plot of land is ready for development. The capital value has seen a significant increase from $255,000 in 2019 to $460,000 in 2022, reflecting an impressive growth of 80.39%. Its location is enhanced by its proximity to the bustling Riccarton Racecourse and easy access to Westfield Mall and The Hub Hornby.

For investors and developers, the property is within the school zone of esteemed institutions such as St Thomas of Canterbury College, Villa Maria College, and more. The schools boast high decile ratings, making the property even more attractive. The HouGarden AVM estimates the property's value at $442,500, presenting a promising investment opportunity.

With the potential to purchase an adjacent property, this vacant section holds the key to a variety of development prospects. Whether it's building your dream home or embarking on a development project, this prime location is not to be missed. The auction is set for 2nd May 2024, offering a chance to secure a piece of property with immense potential.

Updated on May 02, 2024