27 Allendale Lane, Lincoln, Canterbury

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Welcome to a property that embodies the epitome of potential and lucrative investment in the heart of Lincoln. Situated in one of the most sought-after areas, this offering presents not just a house but an exceptional development opportunity for savvy investors and developers.

With rezoning already in place, the groundwork has been laid for the creation of a 37-section subdivision. This sets the stage for transforming the expansive land into a thriving residential community, promising lucrative returns.

The main attraction is a spacious 5-bedroom house, spanning approximately 290m², offering comfortable living space and modern amenities. Currently generating over $40,000 per annum, this property provides a solid income stream while awaiting its transformation into a high-value development project.

Nestled in one of Lincoln's premium locations, the property enjoys proximity to essential amenities, schools, parks, and transportation hubs. While the existing home boasts polished appeal with its contemporary design and well-maintained interiors, the true value lies in the extensive and coveted land it occupies.

Unlock the potential of this remarkable property, perfectly poised for development in central Lincoln. Beyond the attractive facade of the existing residence lies a golden opportunity for developers seeking substantial real estate in a prime location.

Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.