32a Tuckers Road, Redwood, Christchurch

Nestled at the end of a serene tree-lined driveway, this expansive family home on 1171 sq. meters of land offers a countryside ambiance while being conveniently close to the city. The property, a 6-bedroom, 3-bathroom rental with individual room leases, currently yields an impressive 9% return for the vendors. It boasts comprehensive chattels and is well-insulated with full double glazing. Outside, the pagoda and garden area are equipped with lights, power, and speakers for memorable evenings. This rare, large property at 32a Tuckers Road, Redwood, Christchurch, holds potential for various options for the new owners. The freehold property, built in 1964 with average concrete walls and iron roof, has a floor area of 210 sq. meters and includes 2 car parks. The capital value has surged by 46% from $500,000 in 2019 to $730,000 in 2022, with a HouGarden AVM of $725,000 and a recent sale price of $850,000 in 2024.

For families and investors, the property is in a sought-after school zone. It is served by Christ the King School (Decile 8), Villa Maria College (Decile 9), Middleton Grange School (Decile 9), and more. This opportunity is not to be missed.

Updated on November 20, 2024