1 Albemarle Street, Sydenham, Christchurch

Located at 1 Albemarle Street, Sydenham, Christchurch, this unique property stands on a freehold land of 375 square meters, categorized as Residential - Vacant. Despite the unknown specifics regarding its bedrooms, bathrooms, and floor area, and the absence of carparks, the property's level contour, along with unspecified wall and roof construction and condition, presents a blank canvas for potential development.

Over the years, the capital value of this property has seen a significant increase, from $210,000 in August 2018 to $395,000 in August 2022, marking an 88.1% growth. This is further supported by a HouGarden AVM estimate of $387,500. The property's value trajectory is evidenced by its latest sale price of $395,000 on January 29, 2024, a substantial rise from its previous sale at $243,000 on February 20, 2008.

The property is zoned within the vicinity of several reputable schools, offering a range of educational options. These include Middleton Grange School (Years 11 - 13) with a decile rating of 9, Hillview Christian School and Christchurch Adventist School with decile ratings of 7 and 5 respectively, Hagley Community College and Marian College both offering secondary education (Year 9-15) with decile ratings of 6 and 8, Te Aratai College (Year 7&8) with a decile rating of 3, and Waltham School, a full primary institution also rated at decile 3.