56a Colombo Street, Cashmere, Christchurch

Nestled in the esteemed Cashmere neighborhood of Christchurch, this 1950-built, freehold property at 56a Colombo Street offers a versatile layout with 4 bedrooms, 3 carparks, and a floor area of 233 square meters on a levelled 526 square meter section. Constructed with a mix of materials for the walls and iron for the roof, this home, though in need of renovation, presents an exciting opportunity for those seeking a property with significant potential in a prime location. The property's capital value has seen a substantial increase from $600,000 in 2019 to $890,000 as of 2022, reflecting a growth rate of 48.33%. The HouGarden AVM estimates the property's worth at $867,500, while the latest sale history dates back to 2003 at $205,000 and $182,500 prior to that.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Cashmere High School and Christchurch South Karamata Intermediate, with other notable institutions like Villa Maria College and St Thomas of Canterbury College nearby. These schools offer a range of education options and boast high decile ratings, ensuring a quality education for your children.

With its prime location, investment potential, and access to excellent schools, this property is a golden opportunity for those looking to transform it into their dream home or a lucrative investment project.

Updated on July 19, 2024