240 Pine Avenue, South New Brighton, Christchurch

Nestled in the serene South New Brighton, 240 Pine Avenue presents a rare opportunity on a freehold property. This 70 square meter, 2-bedroom cottage with a mixed wall and iron roof construction, built in 1930, sits on a levelled 708 square meter plot. The property, with a single car park and a bathroom, offers a mix of old-world charm and potential for modern transformation. The capital value has seen a significant increase of 65.96% from $235,000 in 2019 to $390,000 as of 2022. The HouGarden AVM estimates the property at $382,500, while the latest sales were recorded at $225,000 in 2020 and $162,500 in 2015.

For families, the property falls within the zones of esteemed institutions such as South New Brighton School, Shirley Boys' High School, and Avonside Girls' High School. The Middleton Grange School and Hillview Christian School, both with high decile ratings, are also in close proximity. This address not only boasts a prime educational catchment area but also convenient access to the beach, New Brighton Library, He Puna Taimoana Hot Pools, and the New Brighton Mall.

With the vendors willing to sell under land value, this is a bargain not to be missed. The property is being sold 'as is where is', and with no EQC claims or engineering reports available, it's a chance to grab a piece of South Brighton at an unbeatable price.

Updated on August 22, 2024