90/17 Bunyan Street, Waltham, Christchurch

Located at 90/17 Bunyan Street, Waltham, Christchurch, this unique property offers a rare opportunity to purchase a carpark in a prime location. This carpark, a principal unit with a stratum in freehold title, is situated directly across from Waltham Park, at the front of the number 17 Bunyan street complex. Despite having unknown wall and roof constructions, and being categorized as 'Residential - Vacant', this property stands out for its level contour and unit title ownership. Ideal for those with existing ownership or residence in the complex, or as an investment to rent out, this carpark presents various options for potential buyers.

Over the past few years, the capital value of this property has seen a significant increase, doubling from $5,500 on August 1, 2019, to $11,000 on August 1, 2022, marking a 100% increase. The latest sale on January 23, 2024, was recorded at $7,250, slightly below the HouGarden AVM of $10,000, indicating a vibrant and fluctuating market for such unique properties.

The property is zoned for several reputable schools, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Hillview Christian School and Christchurch Adventist School with deciles of 7 and 5 respectively, among others. This wide range of educational options, from composite to secondary and full primary schools, adds to the appeal of this unique investment opportunity.

Updated on April 06, 2024.