Located in the serene Huntsbury area, 45 Whaka Terrace, Christchurch, presents a unique opportunity ripe for renovation. This residential dwelling, built in 1970, boasts 2 bedrooms, a generous floor area of 200m2, and sits on a freehold land parcel of 776m2. The property features concrete walls in good condition, an iron roof also in good condition, and is positioned on an easy/moderate rise contour. The house, constructed of permanent materials, requires some updates but offers solid bones with exterior rebricking and wall insulation added in 2014.
From its initial completion in 1972, the property has seen a significant capital value increase from $550,000 in 2019 to $820,000 in 2022, marking a 49.09% growth. The latest HouGarden AVM estimates the property's value at $810,000. It last sold in 2009 for $133,500. This property is not only an entry-level opportunity on the hill but also a testament to substantial capital growth potential.
The property is zoned for several high-decile schools, including Villa Maria College, St Thomas of Canterbury College, Middleton Grange School, Cashmere High School, Hillview Christian School, Christchurch Adventist School, Hagley Community College, and Beckenham Te Kura o Puroto, making it an ideal location for families seeking quality education. The surrounding area offers local shopping, services, and stunning views of the Southern Alps, adding to the appeal of this location for living and future capital growth.
Updated on March 21, 2024.
