21 Challenger Lane, Redcliffs, Christchurch City

Nestled in the serene cul-de-sac of Challenger Lane, Redcliffs, Christchurch, this residential vacant land boasts a freehold title with a land area of 1069 square meters. The property, with an unknown roof and wall construction, presents a blank canvas for architectural creativity. Notably, it offers panoramic vistas from the Kaikouras to the estuary, with substantial excavation and retaining work already completed. The site has a concrete access driveway and dual road frontage, hinting at further development potential.

As per the government valuation, the capital value has seen a meteoric rise from $215,000 in August 2019 to $440,000 in August 2022, indicating a growth rate of 104.65%. The HouGarden AVM estimates the property's value at $422,500. The latest sale history includes transactions at $255,000 in February 2021 and $145,000 in September 2003.

For families with school-aged children, the property falls within the zones of several high-performing schools. These include Middleton Grange School (Decile 9), Te Raekura Redcliffs School (Decile 10), and Marian College (Decile 8), among others. This combination of prime location, stunning views, and educational opportunities makes it a truly outstanding investment.

Updated on October 10, 2024