Our clients have accepted an insurance settlement and issued us with clear instructions to sell this classic 1930's home on an 'as is, where is' basis.
With four bedrooms, two bathrooms and a mix of formal and family spaces the home in its current condition (deemed repairable) offers very comfortable living with ample options. The modern kitchen/dining opens out to sun-drenched and totally private north-facing grounds, which include lawns and established trees.
You may choose to repair the home, or simply use it as a temporary base whilst planning the best utilisation of the site. Given the underlying value of the 764m2 freehold parcel your long term plans could include redevelopment of the site; rest assured that in this sought after location you have little fear of over-capitalising.
The property's intrinsic value is further underpinned by excellent school zoning (Elmwood, Heaton Intermediate and CBHS/CGHS), and Hagley Park - the city's leafy green jewel - is mere moments away.
We would describe this opportunity as one which will have huge rewards in the long run - astute purchasers should recognise the potential of this opportunity & act accordingly.
$840,000 36A Albany Street, Merivale - Christchurch City
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