89 Main Road, Redcliffs, Christchurch City

Nestled at 89 Main Road, Redcliffs, Christchurch, this property is a prime example of a versatile commercial holding on a freehold title. It boasts 3 bedrooms and a generous 250 square metres of floor area, complemented by 3 carparks and a substantial land size of 506 square metres. While the specifics of the roof and wall construction remain unknown, the property's capital value has seen a significant increase from $560,000 in August 2019 to $730,000 in August 2022, marking a growth rate of 30.36%. The latest sale record from February 2024 reflects a transaction of $715,000, closely aligning with the HouGarden AVM estimate of $700,000.

Reflecting its esteemed value, the property falls within a desirable school zone. It is served by Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), Te Raekura Redcliffs School (Decile 10), and other reputable institutions. These schools cater to a wide range of educational needs, from primary to secondary and even composite levels, ensuring access to quality education for all ages.

With a robust capital value growth trajectory and a prime location within a highly rated school network, this property presents a compelling investment opportunity for both commercial ventures and family living.

Updated on April 11, 2024