119 Mackworth Street, Woolston, Christchurch

Nestled on a prime corner site with serene views of a beautiful park, this 2-bedroom, 1-bathroom property with a single carpark offers a unique opportunity in the Woolston suburb of Christchurch. Constructed in 1940 with wood exterior walls in good condition and a fibrous cement roof in average condition, this freehold property sits on a level 852m2 section. The current government valuation (CV) of $565,000 as of August 2022 reflects a significant increase of 73.85% from the 2019 valuation of $325,000. The property's potential is further highlighted by the HouGarden AVM of $557,500, indicating a promising investment. The property is sold 'As Is, Where Is', presenting a perfect canvas for developers seeking to leverage the growing demand in Woolston.

Woolston's rising status as one of Christchurch's most desirable suburbs is underscored by its proximity to amenities and transport. The property is a short 10-minute drive to the CBD and 5 minutes to Eastgate Mall. The educational opportunities are vast, with schools such as Middleton Grange School (Decile 9) and Marian College (Decile 8) in the zone. Other schools include Linwood Avenue School (Decile 2), Hillview Christian School (Decile 7), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), and Te Aratai College (Decile 3), catering to various educational needs.

With a prime corner position, park views, and a rapidly appreciating capital value, this property stands out as an exceptional development prospect. Developers looking to tap into the potential of this premium location will find this site ideal for townhouses or modern redevelopment, capitalizing on the area's upward trajectory.

Updated on November 28, 2024