4 Millstead Lane, Casebrook, Christchurch

Nestled on a level plot at 4 Millstead Lane, Casebrook, Christchurch, this residential vacant land boasts a freehold title, promising endless possibilities for your future development. While the specifics of the wall and roof construction remain unknown, the property's contour is confirmed as level, potentially indicating an easy build. With no existing structures, the site currently has no bedrooms, bathrooms, or carparks, but offers a generous land area of 500 square meters.

As per the latest valuation figures, the capital value has seen a significant increase. The government valuation as of August 2022 stands at $510,000, while the HouGarden AVM estimates a slightly higher value at $515,000. The property's latest sale history, from August 12, 2024, shows a transaction price of $373,913, suggesting a potential for capital gain in the future. The capital value growth percentage is a notable highlight for investors.

For families with children, the property falls within a highly sought-after school zone. The nearby schools include Cotswold Matahae School, Christ the King School, and Villa Maria College, all with impressive decile ratings of 8 or 9. Other educational institutions in the area include Middleton Grange School, Emmanuel Christian School, Casebrook Intermediate, Papanui High School, St Joseph's School, Christchurch Adventist School, Hagley Community College, and Marian College, catering to various educational needs and levels.

Updated on October 02, 2024