sold
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1 of 14
1 of 14
Sold Property
$645,000
Paul Nichols Harcourts Fendalton
Deb Nichols Harcourts Fendalton
After almost 20 years of being landlords here, our sellers are cashing up providing an opportunity for a diverse range of buyers. Firstly, developers take note of 708sqm of RSDT zoning (similar to old L2). This is a prime site for redevelopment. Investors may choose to upgrade the two flats in the current configuration to 'Healthy Homes' standard and hold for the future. Moreover, we expect interest from intrepid first home buyers who may well prosper by returning the property into a family home or retain the upstairs flat for additional income. A leading attraction will be this location so close to Barrington Mall and at the foot of the Port Hills playground. Excellent schooling at Somerfield Primary and Cashmere High will appeal to young families. This not very glamorous bungalow needs some TLC but this will be reflected in the price. There is plenty of unrealized potential here, but most will see the underlying value of the land for future development. This is likely to be an affordable acquisition for an astute purchaser. Our seller is serious about cashing up!
To download the information pack for this property, please type the below link into your web browser:
http://www.propertyfiles.co.nz/property/FE7622
Property ID: #FE7622
Office
Licensed under REAA 2008
Sold Property
After almost 20 years of being landlords here, our sellers are cashing up providing an opportunity for a diverse range of buyers. Firstly, developers take note of 708sqm of RSDT zoning (similar to old L2). This is a prime site for redevelopment. Investors may choose to upgrade the two flats in the current configuration to 'Healthy Homes' standard and hold for the future. Moreover, we expect interest from intrepid first home buyers who may well prosper by returning the property into a family home or retain the upstairs flat for additional income. A leading attraction will be this location so close to Barrington Mall and at the foot of the Port Hills playground. Excellent schooling at Somerfield Primary and Cashmere High will appeal to young families. This not very glamorous bungalow needs some TLC but this will be reflected in the price. There is plenty of unrealized potential here, but most will see the underlying value of the land for future development. This is likely to be an affordable acquisition for an astute purchaser. Our seller is serious about cashing up!
To download the information pack for this property, please type the below link into your web browser:
http://www.propertyfiles.co.nz/property/FE7622
Property ID: #FE7622
Paul Nichols Harcourts Fendalton
Deb Nichols Harcourts Fendalton
Office Harcourts Fendalton Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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