Nestled at 38 London Street, Lyttelton, Christchurch, this commercial property on a 142m2 freehold section is a gem in the heart of the commercial/retail hub. With an unknown roof and wall construction, and level contour, it presents a blank canvas for your boutique development. The property's Capital Value (CV) has seen a 50% increase from $120,000 in 2019 to $180,000 as of 2022, with a HouGarden AVM of $175,000, indicating a promising investment opportunity. This is an ideal entry-level commercial land, ready for a visionary to seize the day.
Reflecting on its valuation history and recent sale records, this property is a golden ticket in the rapidly appreciating market. The potential for growth is undeniable, making it an attractive prospect for both developers and investors. Its strategic location and flexible usage make it a rare find indeed.
For families, the property falls within the zones of several high-performing schools. Middleton Grange School, Lyttelton Primary School, and Marian College are all decile 9, while Hillview Christian School is decile 7 and Christchurch Adventist School is decile 5. Te Aratai College also serves the area with a decile rating of 3, offering a range of educational options for all ages.
Updated on August 30, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.34 km | 3 | 140m2 | Year 2024 Month 12 Day 11 | $615,000 | Council approved | ||
 | 0.43 km | 4 | 2 | 150m2 | Year 2024 Month 11 Day 16 | $575,000 | Council approved | |
 | 0.44 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 07 | - | Council approved | |
 | 0.31 km | 3 | 2 | 110m2 | Year 2024 Month 10 Day 04 | $705,000 | Council approved | |
 | 0.33 km | 3 | 1 | 99m2 | Year 2024 Month 08 Day 16 | $415,000 | Council approved |