Nestled in the serene environment of Mortens Lane, this residential gem in Mount Pleasant, Christchurch, offers a promising future on a freehold land of 1050m2. Constructed in 1940 with wood walls and an iron roof, this property with 2 bedrooms and 2 carparks boasts an average condition both inside and out. The capital value has seen a significant increase of 68.42% from $475,000 in 2019 to $800,000 as of 2022. The HouGarden AVM estimates it at $780,000, while the latest sale was recorded in 1998 at $230,000. This property is not just about the numbers; it's about the lifestyle it promises, with panoramic views and a warm micro-climate that sets it apart.
On the financial front, the property's CV growth is a testament to its investment potential. With a steep rise contour and a building ready to be transformed, this is a canvas waiting for your vision to create a bespoke sanctuary. The recent CV surge indicates a promising trend for future value appreciation.
When it comes to education, the property falls within a highly sought-after school zone. Mt Pleasant School, a full primary, is rated a decile 10, while Middleton Grange School for years 11-13 is a decile 9. Other notable schools in the area include Hillview Christian School, Hagley Community College, Marian College, and Te Aratai College, all offering a diverse range of educational opportunities for your family.
Updated on August 13, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.32 km | 4 | 2 | 257m2 | 2024 12 11 | $1,596,000 | Council approved | |
 | 0.09 km | 3 | 1 | 155m2 | 2024 10 29 | $900,000 | Council approved | |
 | 0.06 km | 3 | 1 | -m2 | 2024 10 04 | - | Council approved | |
 | 0.33 km | 3 | 2 | -m2 | 2024 09 26 | $1,250,000 | Council approved | |
 | 0.34 km | 4 | 242m2 | 2024 08 08 | $1,520,000 | Council approved |