89/17 Bunyan Street, Waltham, Christchurch

Located at 89/17 Bunyan Street, Waltham, Christchurch, this unique property offers a rare opportunity to purchase a carpark as a principal unit with a stratum in freehold title. Perfectly positioned at the front of the number 17 Bunyan Street complex, directly opposite Waltham Park, this vacant residential carpark is an ideal investment for those with existing ownership or residence in the complex, or for those looking to rent out the space for extra parking. The property features unknown wall and roof construction, with a level contour, and is classified under Unit Title ownership.

The capital value of this property has seen a significant increase, doubling from $5,500 in August 2019 to $11,000 in August 2022, with a HouGarden AVM of $10,000. The latest sale on January 23, 2024, was recorded at $7,250, showcasing a robust capital value growth of 100% over three years.

The property is zoned for several reputable schools, including Middleton Grange School (Years 11 - 13) with a decile rating of 9, Hillview Christian School and Christchurch Adventist School with decile ratings of 7 and 5 respectively, Hagley Community College and Marian College both with a decile rating of 8, Te Aratai College (Year 7&8) with a decile rating of 3, and Waltham School, a full primary school also with a decile rating of 3. This wide range of educational options makes it an attractive choice for families and investors alike.

Updated on April 06, 2024.