2/4 The Brae, Mount Pleasant, Christchurch

Nestled in the serene St Andrews Hill lower slopes of Mount Pleasant, Christchurch, this vacant residential property at 2/4 The Brae offers a unique opportunity. With an unknown roof and wall construction, this cross-lease land is ready for your dream home. The site has undergone extensive work, including new retaining walls, and comes with building plans to facilitate your vision. The capital value has seen a remarkable 100% increase from $290,000 in 2019 to $580,000 in 2022. The latest sale was for $460,000 in 2024, $105,000 below the government valuation. The HouGarden AVM estimates the property at $537,500. This elevated section boasts intimate views of the estuary, Brae reserve, and city mountains, with easy access to the CBD and amenities like the Ferrymead Hub, Farmers Market, and Sumner beach.

As for the government’s valuation history, the property has shown a steep growth trajectory. The recent sale history and capital value increase reflect the area’s desirability. This prime location is not just about the property; it’s about the lifestyle. With a property contour of easy to moderate fall, it presents a potential aquatic playground for paddleboarding, windsurfing, and yachting.

For families, the school network is a significant draw. The nearby schools include Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), Mt Pleasant School (Decile 10), and more. This property is not just a piece of land; it’s an investment in a vibrant community and educational opportunities.

Updated on June 26, 2024