54 Rhona Street, Linwood, Christchurch

Nestled in the family-friendly cul-de-sac of Rhona Street, opposite Eastgate Mall, this 1927-built Roughcast and Iron-roofed residence on a Freehold title boasts 3 bedrooms, 1 bathroom, and a single carpark. With a floor area of 93 sqm and a land area of 607 sqm, this property presents a versatile canvas for renovation or potential subdivision. The capital value has seen a significant increase from $290,000 in 2019 to $440,000 as of 2022, reflecting a growth rate of 51.72%. The property's highlights are complemented by its proximity to esteemed schools such as Middleton Grange School (Decile 9) and Marian College (Decile 8), among others.

History shows the property had a HouGarden AVM of $402,500, indicating a competitive market price. It's a unique opportunity, being a deceased estate with repair works started but requiring attention. The executor's clear instructions are to sell, offering it on an 'as is, where is' basis. Given the property's RMD zoning and the potential underlying land value, it's a trifecta for the right buyer looking to renovate, redevelop, or invest.

Educationally, the property falls within the catchment of several well-regarded schools, including Hillview Christian School (Decile 7) and Linwood North School (Decile 2), ensuring a range of educational options for families. With easy access to public transport, including the MetroLink bus route 5 and the Orbiter, commuting to the city center, beaches, and the eastern suburbs is a breeze.

Updated on December 03, 2024