15 Mortens Lane, Mount Pleasant, Christchurch

Nestled in the serene environment of Mortens Lane, this residential gem in Mount Pleasant, Christchurch, offers a promising future on a freehold land of 1050m2. Constructed in 1940 with wood walls and an iron roof, this property with 2 bedrooms and 2 carparks boasts an average condition both inside and out. The capital value has seen a significant increase of 68.42% from $475,000 in 2019 to $800,000 as of 2022. The HouGarden AVM estimates it at $780,000, while the latest sale was recorded in 1998 at $230,000. This property is not just about the numbers; it's about the lifestyle it promises, with panoramic views and a warm micro-climate that sets it apart.

On the financial front, the property's CV growth is a testament to its investment potential. With a steep rise contour and a building ready to be transformed, this is a canvas waiting for your vision to create a bespoke sanctuary. The recent CV surge indicates a promising trend for future value appreciation.

When it comes to education, the property falls within a highly sought-after school zone. Mt Pleasant School, a full primary, is rated a decile 10, while Middleton Grange School for years 11-13 is a decile 9. Other notable schools in the area include Hillview Christian School, Hagley Community College, Marian College, and Te Aratai College, all offering a diverse range of educational opportunities for your family.

Updated on August 13, 2024