620 Gloucester Street, Linwood, Christchurch

This charming property located at 620 Gloucester Street, Linwood, Christchurch, offers a unique opportunity for first home buyers, rental investors, and developers. Built in 1920, this weatherboard bungalow sits on a freehold land area of 506 square meters, with a floor area of 112 square meters. It features four bedrooms, a bathroom, and a single carpark. The exterior walls are constructed of wood, with a roof made of tiles. The condition of the walls is average, while the roof is in good condition. The property is level and falls under the Residential - Dwelling category.

The capital value of this property has seen a significant increase, from $310,000 in August 2019 to $505,000 in August 2022, marking a 62.9% growth. The latest sale data shows a transaction at $545,000 on January 22, 2024, following a previous sale at $510,000 on July 12, 2022. The HouGarden AVM estimates the property's value at $485,000. Notably, the property comes with approved resource consent to build four townhouses, presenting a valuable development opportunity with low fees.

The property is situated within excellent school zones, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Hillview Christian School (decile 7), Linwood North School (decile 2), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (Year 7&8) with a decile rating of 3. This diverse range of educational institutions offers great options for families.

Updated on April 06, 2024.