98 Milton Street, Somerfield, Christchurch

Nestled at 98 Milton Street, Somerfield, Christchurch, this residential vacant land boasts a Freehold title on a levelled 506sqm plot. The property's potential is evident with a CV of $450,000 as of August 2022, showcasing a remarkable increase of 143.24% from its $185,000 valuation in August 2019. The site is primed for development with its 3-bedroom potential, making it an attractive opportunity for first home buyers, investors, or downsizers.

Financially stressed, the owner is determined to sell, and this is reflected in the latest sale history, where the property changed hands for $415,000 in May 2021, up from $210,000 in March 2006. The HouGarden AVM estimates the property's worth at $445,000, indicating a sound investment in a rapidly appreciating area. The property is in a quiet cul-de-sac, further enhancing its appeal.

For families, the schooling options are second to none, with Cashmere High School, Villa Maria College, and Middleton Grange School all within the zone and boasting high decile ratings. The area is served by a selection of highly-rated intermediate and primary schools, ensuring education excellence at every level. This property is not just a piece of land; it's an investment in a lifestyle and future.

Updated on November 19, 2024