Nestled in the heart of Christchurch Central, 16 Halkett Street boasts a prime location with versatile potential, sitting on a freehold title. This industrial warehousing facility, built in 1970 with concrete walls and an iron roof, has an average condition and offers a floor area of 320sqm, complemented by a land size of 228sqm and a generous allocation of 3 carparks. Notably, the property has seen a significant Capital Value (CV) increase from $360,000 in 2019 to $470,000 in 2022, reflecting a growth rate of 30.56%.
With a HouGarden AVM valuation of $437,500 and a latest sale history of $580,000 in 2024 and $370,000 in 2017, this property presents a compelling investment opportunity. The site, zoned for a variety of uses within the Central City Mixed Use (CCMU) area, is perfect for those seeking a rare chance to own a piece of central city real estate.
For families, the property falls within a desirable school zone. Middleton Grange School, a composite school with a decile rating of 9, is among the many reputable educational institutions in the area. Other schools include Hillmorton High School (decile 4), Addington School (decile 3), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (Year 7&8, decile 3), offering a range of educational options for all ages.
Updated on May 29, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 2 | 1 | 90m2 | Year 2024 Month 05 Day 17 | $540,000 | Council approved | |
0.44 km | 1 | 1 | 39m2 | Year 2024 Month 04 Day 05 | $390,500 | Council approved | ||
0.33 km | 2 | 1 | 85m2 | Year 2024 Month 03 Day 07 | $590,000 | Council approved | ||
0.63 km | 1 | 85m2 | Year 2024 Month 02 Day 01 | $607,826 | Council approved | |||
0.61 km | 2 | 1 | 85m2 | Year 2024 Month 01 Day 18 | $590,000 | Council approved |