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93 Springfield Road, St Albans, Christchurch City, Canterbury, 14 Bedrooms, 7 Bathrooms, Unit

$2,650,000

93 Springfield Road, St Albans, Christchurch City, Canterbury

14
7
1011m2
UnitListed on Mon Apr 15

Saint Albans 14 Bedroom Portfolio Powerhouse

Asking Price $2,650,000

Specifically geared towards investors, this complex of seven two-bedroom units on Springfield Road promises a 7% return, making it a valuable option for those seeking to bolster or broaden their investment portfolios with a substantial asset.

Situated in a prime location zoned RMD (Residential Medium Density), this property is strategically positioned within many sought-after school zones including Heaton Intermediate, Christchurch Girls' and Christchurch Boys' High Schools, guaranteeing sustained appeal and tenant demand. With all units currently under one title, management is streamlined, offering a hassle-free addition to your investment endeavours.

Every unit is well-appointed and designed for comfort, including two bedrooms with built-in wardrobes, one bathroom, a practical living space, a heat pump for climate control, and one covered parking space.

Investors seeking a sound investment in a prime location with proven rental performance are instructed to contact Adam Heazlewood or Jessica Phibbs for more information.

Find out more about us at www.ahteam.co.nz.

Please copy the below link into your web browser: http://www.propertyfiles.co.nz/property/5523925

Location

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Council Data

Last update : 2024 12 11
Improvement value$570,000Increased by 3% from year 2019
Land value$1,330,000Increased by 72% from year 2019
CV(Year 2022 Month 08)$1,900,000Increased by 43% from year 2019
View typeNo appreciable view
ContourLevel
Land area978m²
Floor area520m²
Decade of construction1970
TitleCB22B/206
Type of titleFreehold
Legal descriptionPT LOT 1 DP 1856
CouncilChristchurch
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 1856,1011m2
ConstructionExternal Walls: Concrete
Roof: Tiles
ConditionExternal Walls: Average
Roof: Average
ZoningResidential Medium Density

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
St Albans School
0.84 km
Primary
1-6
Government
Co-Educational
EQI: 416
8
Heaton Normal Intermediate
1.50 km
Secondary
7-8
Government
Co-Educational
EQI: 404
9
Christchurch Girls' High School -Te Kura o Hine Waiora
1.91 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 411
9
Te Puna Wai o Waipapa - Hagley College
2.46 km
Secondary
9-15
Government
Co-Educational
EQI: 472
6
Christchurch Adventist School
2.54 km
Combined
1-13
Government
Co-Educational
EQI: 438
5
Marian College
2.78 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 434
8
Christchurch Boys' High School
2.89 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 413
10
Burnside High School
4.51 km
Secondary
9-15
Government
Co-Educational
EQI: 418
8
Middleton Grange School
5.02 km
Combined
1-13
Government
Co-Educational
EQI: 406
9
Emmanuel Christian School
5.48 km
Combined
1-10
Government
Co-Educational
EQI: 419
8

Property history

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For developers

Unitary plan:Residential Medium Density
Land:1011m²
Title:Freehold

Surrounding facilities

Springfield Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
1/129 Springfield Road, Saint Albans
0.19 km
2
1
-m2
Year 2024 Month 10 Day 08
$420,000
Council approved
32 Berry Street, Saint Albans
0.22 km
3
2
-m2
Year 2024 Month 09 Day 11
-
Council approved
48b Ranfurly Street, Saint Albans
0.03 km
3
2
245m2
Year 2024 Month 09 Day 04
$1,105,000
Council approved
124 Springfield Road, Saint Albans
0.18 km
4
2
-m2
Year 2024 Month 08 Day 21
-
Council approved
4/65 Ranfurly Street, Saint Albans
0.13 km
2
1
90m2
Year 2024 Month 07 Day 31
-
Council approved

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Ref:5523925Last update:2024-10-22 15:16:12