Nestled in the heart of Burwood, Christchurch, this 40sqm commercial space at 1 Cossar Street boasts a freehold title and a roughcast and iron construction, built in the year 1954. It features average wall and roof conditions with a single bathroom, and is situated in a prime location for retail use, adjacent to various amenities such as fast food outlets, a chemist, dairy, and a liquor store.
With a current Capital Value (CV) of $230,000, this property has shown a significant increase of 21.05% from its previous CV of $190,000. The HouGarden AVM estimates the property's value at $220,000, while the latest sale history includes transactions in 2024 for $150,000 and in 2009 for $85,000, indicating a promising growth trend.
For families, the property falls within a desirable school zone, including Middleton Grange School (Decile 9) for Years 11-13, Emmanuel Christian School (Decile 8) for Year 1-10, Waitakiri Primary School (Decile 8), and more. This well-located retail space is not only an attractive investment opportunity but also a convenient choice for those with educational considerations.
Updated on April 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 3 | 1 | 92m2 | Year 2024 Month 10 Day 22 | $630,000 | Council approved | |
 | 0.15 km | 4 | 3 | 100m2 | Year 2024 Month 10 Day 18 | - | Council approved | |
 | 0.19 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 26 | - | Council approved | |
 | 0.12 km | 3 | 106m2 | Year 2024 Month 07 Day 07 | $593,000 | Council approved | ||
 | 0.10 km | 3 | 1 | -m2 | Year 2024 Month 07 Day 04 | - | Council approved |