Nestled less than a kilometre from the heart of Kaiapoi, this 450m2 freehold section at 38 Bishop Street boasts an attractive price tag of $298,000. With the title already issued, it presents a promising opportunity in the coveted Beach Grove subdivision, enjoying a rural outlook and beach proximity, complemented by convenient city life and easy access to the Christchurch CBD via the new Northern Corridor Motorway. The section is adjacent to a reserve/park and is equipped with an onsite childcare centre, making it an ideal choice for families with young children. The property falls within the zones of Kaiapoi North School, a full primary with a decile rating of 7, and other well-regarded educational institutions.
From a valuation perspective, the property has seen a significant increase in its Capital Value, rising from $145,000 in August 2019 to the current $320,000 as of July 2022, reflecting a growth rate of 120.69%. The HouGarden AVM estimates the property's worth at $310,000, while the latest sale in February 2024 was recorded at $285,000, indicating a sharp investment potential.
For families with education in mind, this property is within the catchment area of top-performing schools such as Rangiora New Life School with a decile rating of 9, Kaiapoi High School and Marian College, both at decile 7 and 8 respectively, ensuring a quality education for children of all ages.
Updated on April 10, 2024
