6 Ngata Place, Hei Hei, Christchurch

Nestled on a generous 701m2 section in the sought-after Residential Medium Density (RMD) zone of Hei Hei, Christchurch, this 1950-built home at 6 Ngata Place offers a prime freehold opportunity. The property, with its tile roof and wooden exterior walls, presents an average condition, ready to be transformed. It features 3 bedrooms, 1 bathroom, and a carpark for 2 vehicles, within a floor area of 98m2. The capital value has seen a significant increase of 52%, from $375,000 in 2019 to the current $570,000, reflecting a promising investment potential. The HouGarden AVM estimates the property at $547,500, while the latest sale in 2014 was at $347,000.

With a CV growth rate that outpaces the market average, this property is not just a dwelling but a smart investment. The location is further enhanced by its proximity to top-ranking schools such as Villa Maria College (Decile 9) and Middleton Grange School (Decile 9), making it an ideal choice for families. Other schools in the area include Hornby High School, Hornby Primary School, St Thomas of Canterbury College, and Hagley Community College, all within easy reach.

Whether you're planning to landbank, develop, or create a family home, this property's versatility is matched by its potential. It's a golden opportunity to renovate and add value, or to develop the site given its RMD zoning. The existing structure provides a solid foundation for your next project, and with the convenience of local amenities and schools nearby, this property is set to become a cherished family asset.

Updated on October 30, 2024