90 Butterfield Avenue, Linwood, Christchurch

Nestled on a quiet cul-de-sac at 90 Butterfield Avenue, Linwood, Christchurch, this 1950-built residential dwelling boasts 2 bedrooms, 1 bathroom, and a single carpark. It sits on a freehold title with a level contour, roughcast exterior walls, and an iron roof in average condition. The property has a floor area of 72 square meters and is spread across a generous 365 square meter section, perfect for potential development. With a government capital value of $420,000 as of August 2022, this property also presents a HouGarden AVM of $402,500, indicating a promising investment opportunity. The latest sale on March 8, 2024, was for $415,000, showcasing a notable increase in capital value.

For investors, the property's approved resource consent to build 5 townhouses adds immense value, especially in a location that's close to the city and boasts low development contribution fees. The current setup includes a modern kitchen, a renovated bathroom, and a separate spacious laundry, offering comfort and convenience. This is a chance not to be missed by bargain hunters, rental investors, and developers looking to renovate, remodel, or start a fresh development on TC2 RMD land.

As for the school zone, the property falls within a highly regarded decile rating, ensuring access to quality education. The nearby schools are known for their exceptional standards, making this property even more attractive for families.

Updated on April 11, 2024