Nestled in the heart of a well-established industrial area on 24 Newnham Street, Rangiora, Waimakariri, this 1894sqm freehold industrial land is a gem for owner occupiers, land-bankers, or developers. The property boasts a Business 2 zoning with dual access potential and a past consent for live-work development, although expired. It's a rare find to have such a spacious undeveloped land in a prime location. Currently valued at $530,000 by the government, the property is being sold well below its HouGarden AVM of $495,000, indicating a potential bargain. The price has been heavily reduced, signaling the seller's urgency to close the deal.
With a history of a significant capital value increase, this property presents a promising investment opportunity. The CV has seen a notable growth percentage, making it an attractive prospect for those seeking capital appreciation. The property's last sale price and the speed of its CV increase reflect its desirability in the market.
For families, the property falls within the catchment of several high-performing schools. Rangiora High School and Rangiora New Life School, both with a decile rating of 9, are in close proximity. Southbrook School, Marian College, and Christchurch Adventist School also offer quality education with their respective deciles of 7, 8, and 5.
Updated on July 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 2 | 1 | 150m2 | Year 2025 Month 01 Day 22 | - | Council approved | |
 | 0.27 km | 3 | 1 | 103m2 | Year 2024 Month 12 Day 14 | $590,000 | Council approved | |
 | 0.29 km | 4 | 1 | 120m2 | Year 2024 Month 11 Day 28 | - | Council approved | |
 | 0.27 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 27 | - | Council approved | |
 | 0.24 km | 3 | 1 | 149m2 | Year 2024 Month 10 Day 02 | $620,000 | Council approved |