35 Office Road, Merivale, Christchurch

Nestled on a level plot at 35 Office Road, Merivale, Christchurch, this residential vacant property boasts a freehold title, promising security and autonomy. While specific details about the number of bedrooms and bathrooms are not available, the absence of construction details for the walls and roof add an air of mystery to this potential investment. With no car parks mentioned and an unknown floor area, the true value may lie in its 217 square meters of land, ideal for future development in this quiet cul-de-sac.

As per the property's valuation history, the capital value as of August 2022 stands at $710,000, with the HouGarden AVM estimate slightly higher at $715,000. The latest sale record, from July 2024, shows a significant transaction of $1,880,000, indicating a possible rapid increase in the property's worth, suggesting a promising investment opportunity.

For families considering the property, the school zone is a significant factor. While specific school names are not provided, the decile rating of the area is a strong indicator of the quality of education available, making this an attractive prospect for those with children.

Updated on September 18, 2024