Nestled at 176 Rutland Street, Saint Albans, Christchurch, this Freehold property, built in 1920, offers a versatile living space with 5 bedrooms, 2 bathrooms, and 1 carpark. The 188sqm floor area is complemented by a 579sqm level land area. The exterior features wood walls in fair condition and an iron roof in average condition, while the interior presents a prime opportunity for rejuvenation. The property, currently converted into flats for rental purposes, has seen a Capital Value (CV) surge of 85.19% from $405,000 in August 2019 to $750,000 in August 2022.
With a HouGarden AVM of $720,000, the property's latest sale history includes transactions of $450,000 in March 2022 and $1,150,000 in February 2024, indicating a high growth potential. This is a blank canvas awaiting your masterpiece, with the current owners passing on all insurance and EQC payouts to the new owner.
Located in a sought-after school zone, the property is in close proximity to Christ the King School (Decile 8), Heaton Normal Intermediate (Decile 9), Villa Maria College (Decile 9), Christchurch Boys' and Girls' High Schools (Decile 10 and 9 respectively), and several other well-rated educational institutions. This is a golden opportunity that won't last long in the competitive property market.
Updated on April 10, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Paparoa Street School | 0.47 km | Primary | 1-6 | Government | Co-Educational | EQI: 388 | 10 | |
St Albans Catholic School (Christchurch) | 0.69 km | Primary | 1-6 | Government | Co-Educational | EQI: 401 | 9 | |
Christchurch Adventist School | 1.11 km | Combined | 1-13 | Government | Co-Educational | EQI: 438 | 5 | |
Heaton Normal Intermediate | 1.21 km | Secondary | 7-8 | Government | Co-Educational | EQI: 404 | 9 | |
St Joseph's School (Papanui) | 1.68 km | Primary | 1-8 | Government | Co-Educational | EQI: 392 | 9 | |
Papanui High School | 1.88 km | Secondary | 9-15 | Government | Co-Educational | EQI: 462 | 7 | |
Christchurch Girls' High School -Te Kura o Hine Waiora | 2.72 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 411 | 9 | |
Christchurch Boys' High School | 3.31 km | Secondary | 9-15 | Government | Single Sex-Boys | EQI: 413 | 10 | |
Emmanuel Christian School | 3.90 km | Combined | 1-10 | Government | Co-Educational | EQI: 419 | 8 | |
Te Puna Wai o Waipapa - Hagley College | 3.94 km | Secondary | 9-15 | Government | Co-Educational | EQI: 472 | 6 | |
Christ The King School (Burnside) | 3.95 km | Primary | 1-8 | Government | Co-Educational | EQI: 370 | 8 | |
Marian College | 4.49 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 434 | 8 | |
Middleton Grange School | 5.45 km | Combined | 1-13 | Government | Co-Educational | EQI: 406 | 9 | |
Villa Maria College | 5.46 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 407 | 9 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.32 km | 3 | 1 | 93m2 | Year 2024 Month 03 Day 27 | $850,000 | Council approved | ||
0.25 km | 5 | 2 | 166m2 | Year 2024 Month 02 Day 19 | $1,150,000 | Council approved | ||
0.27 km | 3 | 135m2 | Year 2024 Month 02 Day 13 | $605,000 | Council approved | |||
 | 0.29 km | 3 | 166m2 | Year 2023 Month 12 Day 22 | $1,350,000 | Council approved | ||
0.30 km | 2 | 1 | 100m2 | Year 2023 Month 12 Day 14 | $555,000 | Council approved |