Located at 7 Saint Barnabas Lane, Fendalton, Christchurch, this residential vacant land spans 709 square meters, offering a serene and level contour for potential development. The property, with its freehold ownership type, presents an unknown status regarding its roof and wall construction, reflecting a canvas ready for customization. Despite the lack of specific details on bedrooms, bathrooms, and car parks, the expansive land area provides ample opportunity for a bespoke residential project.
Over the years, the capital value of this property has seen a significant increase, from $840,000 in August 2018 to $1,390,000 in August 2022, marking a 65.48% growth. This upward trend is further evidenced by its latest sale on December 6, 2023, fetching a price of $1,540,000, significantly higher than the HouGarden AVM of $1,367,500. This demonstrates the property's increasing market value and investment potential.
The property is zoned within an excellent educational network, featuring proximity to top-rated schools such as Burnside High School, Cobham Intermediate, and Christ the King School, all with a decile rating of 8. Additionally, it is near Fendalton Open Air School and St Patrick's School (Bryndwr), both boasting a perfect decile rating of 10. Other notable institutions include Villa Maria College, Christchurch Boys' High School, and Christchurch Girls' High School, ensuring a wide range of quality educational options for families.
