113 Baker Street, New Brighton, Christchurch

Nestled in the tranquility of a quiet cul-de-sac on 113 Baker Street, New Brighton, Christchurch, this residential dwelling on a freehold title offers a promising investment. Constructed in 1960 with a mixed condition roughcast exterior and iron roof, the property features 2 bedrooms, 1 bathroom, and 2 car parks, spread across a floor area of 110 square meters on a generous land area of 651 square meters. The capital value has seen a significant increase of 65.31% from $245,000 in 2019 to $405,000 as of 2022, showcasing a rapid growth potential.

With a HouGarden AVM of $387,500 and a latest sale history of $236,000 in 2015, this property presents an intriguing opportunity for developers or those seeking a project with potential. The separate garage and workshop, along with an extra sleepout with an attached bathroom, provide additional space and flexibility. The property's contour is level, and it's located in a friendly neighborhood, close to both the city and the beach.

For families with school-aged children, the property falls within the catchment area of several schools, including the decile 9 Middleton Grange School, decile 8 Emmanuel Christian School, and Rawhiti School with a decile of 3. This home is an ideal blend of potential, convenience, and tranquility.

Updated on October 29, 2024