Nestled on a generous 777 sqm of TC1 freehold land at 5 Shiloh Lane, Sockburn, Christchurch, this property holds immense potential for homebuilders and investors alike. The site, zoned for residential use, comes with a completed driveway and three sides fenced, setting the stage for your dream home. The roof and walls are yet to be determined, adding to the allure of a blank canvas. With a capital value of $440,000 as of August 2022, it has seen a rapid increase of 39.68% from its $315,000 valuation in August 2019. The property's location is a key highlight, being within close proximity to esteemed schools such as Avonhead School (Decile 7) and Villa Maria College (Decile 9), among others. The latest sale was recorded in 2014 at $518,000, while the current HouGarden AVM estimates the property's worth at $412,500.
For families with school-aged children, the property falls within the catchment area of several high-performing schools, including Riccarton School (Decile 3), St Thomas of Canterbury College (Decile 8), and Middleton Grange School (Decile 9). This, coupled with its convenient access to the University of Canterbury, Hornby Hub, and Riccarton Shopping Centre, makes it an unbeatable choice. A leisurely stroll takes you to the vibrant Riccarton Park Racecourse markets and public transport, enhancing the ease of daily life.
With a prime location and strong capital value growth, this property presents a golden opportunity not to be missed.
Updated on May 28, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | -m2 | 2024 05 02 | $370,000 | Council approved | |||
 | 0.13 km | 3 | 1 | -m2 | 2024 05 02 | $567,000 | Council approved | |
 | 0.20 km | 4 | 2 | -m2 | 2024 04 26 | $873,200 | Council approved | |
0.19 km | 2 | 2 | 99m2 | 2024 04 11 | $647,000 | Council approved | ||
0.20 km | 3 | 150m2 | 2024 02 09 | $596,000 | Council approved |