7 Hatherly Lane, Mount Pleasant, Christchurch

Located at 7 Hatherly Lane, Mount Pleasant, Christchurch, this residential dwelling offers a unique opportunity for investors, builders, or those looking for a project. The property, originally configured with 4 bedrooms, 3 bathrooms, 2 living areas, and double garaging over 5 levels, spans a floor area of 310m² on a steeply falling 1214m² freehold land. Constructed in 1990 with plastic walls and an iron roof, both in mixed condition, it presents a 'back to basics' proposition, being sold 'as is - where is' with no insurance or claims transferred to the new owner. The property boasts spectacular views over the city and out to sea, emphasizing its fabulous lifestyle location.

The property has seen a significant increase in capital value, from $465,000 in August 2019 to $750,000 in August 2022, marking a 61.29% growth. The latest HouGarden AVM estimates its value at $805,000. Its sale history reveals a purchase for $690,000 in January 2024, following a previous sale at $241,500 in December 2016. This trajectory underscores the property's potential for value appreciation.

Education is a cornerstone of this property's appeal, with zoning for several high-decile schools including Mt Pleasant School (decile 10), Middleton Grange School (decile 9), and Marian College (decile 8), among others. This ensures access to quality education, making it an ideal location for families.

Updated on April 06, 2024.