Nestled on a level plot at 24 Mcgarry Drive, Kaiapoi, Waimakariri, this residential vacant land boasts a freehold title, offering potential buyers the autonomy and flexibility of ownership. With no specified number of bedrooms or bathrooms, and no parking facilities, this property presents a clean slate for development. The exact construction details of the walls and roof are unknown, but the property's contour is level, potentially simplifying any construction endeavors. As of July 1, 2022, the capital value is estimated at $320,000, reflecting the land's investment potential.
History shows a promising trend, with the latest sale on October 7, 2024, fetching $819,500, a significant increase from the government's valuation. The HouGarden AVM mirrors the capital value, indicating a consistent market perception of the property's worth. This rapid appreciation in capital value highlights an attractive investment opportunity in the region.
For families with educational considerations, this property falls within a desirable school zone. With a focus on quality education, the local schools boast impressive decile ratings, ensuring a solid foundation for children's academic pursuits.
Updated on November 20, 2024