132 Claridges Road, Casebrook, Christchurch

Nestled at 132 Claridges Road, Casebrook, Christchurch, this residential bare block on a freehold title boasts 4 bedrooms, 2 carparks, and a floor area of 197sqm. Constructed in 1980 with wood walls and an iron roof, both in average condition, this property is set on a level 5,333sqm section, ideal for subdivision. The capital value has seen an impressive increase of 81.19% from $1,010,000 in 2019 to $1,830,000 in 2022. The HouGarden AVM estimates it at $1,755,000, while the latest sale was for $1,200,000 in 2020. This prime location is not only in a sought-after neighborhood but also in a school zone with excellent educational facilities, including contributing, intermediate, and secondary schools, with deciles ranging from 5 to 9.

With subdivision potential in a Residential - New Neighbourhood (RNN) zone, this property is a golden investment opportunity. Its large section size and prime location make it a perfect choice for developers or investors looking to secure a valuable asset poised for significant appreciation. The existing well-maintained home with a renovated kitchen featuring high-end appliances like Miele ovens offers comfort and potential rental income while you plan for the future.

Enjoy the benefits of being in a top-rated school zone, with schools such as Cotswold Matahae School, Breens Intermediate, Christ the King School, and Villa Maria College, all within reach. This is not just a home; it's a strategic investment with exceptional potential in a thriving educational community.

Updated on October 17, 2024