69 Grassmere Street, Papanui, Christchurch

Nestled on a level plot at 69 Grassmere Street, Papanui, Christchurch, this residential bare block boasts a freehold title. While the specifics of the wall and roof construction remain unknown, the potential of this 63,789 square meter land is immense. It's a rare find, a lifestyle block so expansive and close to the city center, with zoning currently as RU3. The property's CV has seen a staggering increase from $1,960,000 in 2019 to $6,510,000 in 2022, reflecting a growth rate of 2.32%. The latest sale in the area was for $5,000,000, while HouGarden's AVM estimates the value at $6,442,500.

For families with school-age children, the property falls within the highly sought-after Paparoa Street School zone, rated a perfect 10 in the decile system. It's also in proximity to several esteemed institutions, including Christ the King School, Heaton Normal Intermediate, and Villa Maria College, all with impressive decile ratings.

With such a prime location, this property presents a unique opportunity for a discerning buyer to acquire not just a piece of land but a slice of the ultimate city lifestyle.

Updated on November 27, 2024