39 Bishopsworth Street, Hillsborough, Christchurch

Nestled on a level plot of 1457m2, this vacant residential land at 39 Bishopsworth Street, Hillsborough, Christchurch, holds the promise of subdividing or constructing your dream home. The freehold property boasts a serene park view and proximity to the scenic Port Hills, while being just a 5-minute drive from the city via the motorway. It comes with a CCC Subdivision Consent Application and Geotech reports, making it a golden opportunity for potential investors. The previous owners had demolished the 'as is where is' house on this TC2 land, and though their plans have altered, the groundwork has been laid for the next owner to seize this rare piece of bare land. The capital value has seen a 100% increase from $260,000 in 2019 to $520,000 in 2022, with a HouGarden AVM of $485,000. The latest sale history includes a transaction of $708,000 in 2024 and $264,000 in 2016.

In terms of the property's physical condition, details such as the roof and wall construction are unknown, but the land itself is level and ready for development. The property is in a prime school zone, with Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and other reputable institutions nearby, ensuring quality education options for the family.

Indeed, this is a unique opportunity to own a piece of bare land in a sought-after location, where the potential for both capital gains and a quality lifestyle are ample.

Updated on June 26, 2024