40 Lincoln Road, Hillmorton, Christchurch

Embrace the potential of this versatile property, a 3-bedroom, 2-carpark dwelling on a freehold title, set on a level 568m2 plot at 40 Lincoln Road, Hillmorton, Christchurch. Constructed in 1920 with wood walls and iron roof, both in good condition, this 'As Is, Where Is' opportunity invites investors and developers to explore its possibilities. The property, with a floor area of 127m2, features a north-facing orientation and retains period charm. The current government capital value stands at $540,000, while the HouGarden AVM estimates it at $525,000, indicating a promising growth trajectory. Whether you choose to repair or redevelop, this property offers a strategic location with easy access to the city center and is within a sought-after school zone.

Reflecting a history of appreciation, the property's capital value has seen a significant increase over the years, making it an attractive prospect for investment. The recent sale history and rapid CV growth percentage further underscore its potential as a sound real estate investment. With a clear vision, this property holds the key to unlocking future value.

For families, the property falls within a highly-rated school zone, ensuring access to quality education. The nearby schools, known for their high decile scores, are a major draw for families seeking a nurturing environment for their children's academic journey.

Updated on August 01, 2024