35 Vagues Road, Northcote, Christchurch

Nestled on a spacious 1,228sqm section at 35 Vagues Road, Northcote, Christchurch, this freehold property is a charming residential dwelling. Constructed in 1950 with solid brick walls in good condition and a tile roof that's average, the home boasts 3 bedrooms and a single carpark. The capital value has seen a remarkable increase of 62.6%, jumping from $455,000 in 2019 to the current $740,000 as of 2022. The latest sale in 2024 fetched $800,000, with HouGarden AVM valuing the property at $685,000.

With a proposed High Density Residential Zone on the horizon, this property holds potential for renovators, investors, and developers. The location is strategically situated 400 meters from Northlands Mall and approximately 6 kilometers from the CBD, with easy access to public transport and top-rated schools. The school network includes the likes of Marion College, St Joseph’s School, Papanui High and Primary, and Casebrook Intermediate, all within reach.

For those seeking a quiet private development or a family home with future land banking potential, this property presents an opportunity not to be missed. The chance to own a piece of history in a thriving community awaits.

Updated on May 22, 2024