44a Ryan Street, Phillipstown, Christchurch

Nestled in the serene cul-de-sac of Ryan Street,Phillipstown, Christchurch, this 446sqm freehold section is a gem ready to be polished. The untitled land boasts a level contour, providing a blank canvas for builders, developers, or home buyers seeking to leave their mark on the Garden City. With the promise of a new stadium in 2026, this property is strategically positioned in an area of burgeoning potential. Key highlights include: a residential section with approximately 350m2 net build area, a private rear section backing onto Edmonds Park, and a city fringe location that's titled and primed for construction. Historically, the capital value has seen a steady rise, with the current valuation standing at $215,000, echoed by the HouGarden AVM. This is a rare opportunity not to be missed, with the auction scheduled for 4:00 p.m. on Thursday, 19th September, at Holmwood Auction Rooms.

Government valuations reflect a promising trend, with the capital value increasing over the years. The recent HouGarden AVM and the property's sale history both indicate a positive growth trajectory. This vacant land is a golden ticket in an up-and-coming zone, with potential for significant capital gains.

For families, the school zone is another drawcard. With highly-rated institutions nearby, this property falls within a decile that promises quality education. It's not just a piece of land; it's an investment in a lifestyle that values education and convenience.

Updated on September 20, 2024