26 Olliviers Road, Phillipstown, Christchurch

Nestled on a serene freehold site at 26 Olliviers Road, Phillipstown, Christchurch, this 1915-built residence offers a versatile layout with 2 bedrooms, 1 bathroom, and 2 car parks. Constructed with wood walls and an iron roof in good condition, the property boasts a floor area of 91sqm and sits on a levelled land of 354sqm. The current capital value of $410,000 reflects a significant increase of 51.85% from the 2019 valuation of $270,000. This home, with a HouGarden AVM of $382,500, presents a post-earthquake project opportunity, sold as-is with no repairs completed. Its potential is further enhanced by its latest sale history, with a transaction in 2024 for $298,000, and an earlier one in 1997 for $88,000.

From a valuation perspective, the property has seen a rapid CV growth, indicating a promising investment prospect. The site's potential for renovation, land banking, or redevelopment makes it an attractive choice for buyers looking to roll up their sleeves and transform this cottage into a home of their dreams.

For families, the property falls within a desirable school zone, including Middleton Grange School (Decile 9), Te Waka Unua School (Decile 2), Hillview Christian School (Decile 7), and more. Its proximity to the upcoming Te Kaha Stadium and the city center adds to its appeal, making it a golden opportunity for those seeking a well-located property with potential for growth.

Updated on July 11, 2024