Located at 48 Kitcheners Knoll Road, Kennedys Bush, Christchurch, this vacant residential property presents a unique opportunity for those looking to build their dream home. With a land area of 738 m2, the property is set on a level contour and comes with Freehold ownership. Despite the unknown specifics regarding bedrooms, bathrooms, and car parks, the potential for creating a custom living space is immense. The property's construction details, including wall and roof materials, remain unspecified, offering a blank canvas for innovative design.
The property's capital value has seen fluctuations, with a notable increase to $470,000 as of August 2022. The HouGarden AVM estimates its value at $450,000, while the latest sale records show a transaction at $500,000 in January 2024, following a previous sale at $527,750 in October 2021. This indicates a vibrant market interest and the potential for value appreciation. Redmund Spur, where the property is located, is known for its hillside development, offering stunning views across the Canterbury Plains to the Alps, full city council services, and excellent connectivity options including fibre optic.
The property is zoned within an excellent school network, boasting proximity to several high-decile schools such as Our Lady of the Assumption School (Chch) and Halswell School, both with a decile rating of 10. Secondary education options include Villa Maria College and Middleton Grange School, each with a decile rating of 9, ensuring quality education for residents. The location's appeal is further enhanced by nearby recreational activities and easy access to city amenities.
Updated on April 06, 2024.
