20 Bolton Avenue, Spreydon, Christchurch

Located at 20 Bolton Avenue, Spreydon, Christchurch, this residential dwelling offers a unique opportunity for those looking to embark on a renovation project or seeking RSTD land. The property, built in 1922, features a floor area of approximately 126m2 and sits on a 675m2 plot of freehold land. The house, which requires significant renovation, has 2-3 bedrooms, with the potential for customization. The exterior, constructed of wood with an iron roof, shows the house's age with its average wall condition and fair roof condition. Despite its current state, the property is insured and has completed EQC works, selling on an 'as is where is' basis.

The property has seen a significant increase in capital value, from $430,000 in August 2019 to $620,000 in August 2022, marking a 44.186% growth. The current HouGarden AVM estimates the property's value at $592,500. This deceased estate, now up for auction, is located in a thriving neighborhood close to local amenities, CHCH Hospital, and the CBD, making it an attractive investment or project.

The property is zoned for several high-decile schools, including Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Cashmere High School (Decile 9), among others. This wide range of educational options, combined with the property's location and potential, makes it an appealing choice for families and investors alike.

Updated on April 04, 2024.