Nestled at 38 London Street, Lyttelton, Christchurch, this commercial property on a 142m2 freehold section is a gem in the heart of the commercial/retail hub. With an unknown roof and wall construction, and level contour, it presents a blank canvas for your boutique development. The property's Capital Value (CV) has seen a 50% increase from $120,000 in 2019 to $180,000 as of 2022, with a HouGarden AVM of $175,000, indicating a promising investment opportunity. This is an ideal entry-level commercial land, ready for a visionary to seize the day.
Reflecting on its valuation history and recent sale records, this property is a golden ticket in the rapidly appreciating market. The potential for growth is undeniable, making it an attractive prospect for both developers and investors. Its strategic location and flexible usage make it a rare find indeed.
For families, the property falls within the zones of several high-performing schools. Middleton Grange School, Lyttelton Primary School, and Marian College are all decile 9, while Hillview Christian School is decile 7 and Christchurch Adventist School is decile 5. Te Aratai College also serves the area with a decile rating of 3, offering a range of educational options for all ages.
Updated on August 30, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.43 km | 4 | 2 | 150m2 | 2024 11 16 | $575,000 | Council approved | |
 | 0.31 km | 3 | 2 | 110m2 | 2024 10 04 | $705,000 | Council approved | |
 | 0.26 km | 3 | 1 | 99m2 | 2024 08 16 | $415,000 | Council approved | |
 | 0.34 km | 1 | 1 | 93m2 | 2024 07 30 | $500,000 | Council approved | |
 | 0.42 km | 3 | 134m2 | 2024 07 26 | $780,000 | Council approved |