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300 Cranford Street, Saint Albans, Christchurch City

Money Maker for the Opportunist!

gavel

Auction

House
House
Bedroom
3
Bathroom
1
Land area
878m2
On this page:

Open homes

Saturday
11:00am - 11:45am
01
Nov
Sunday
11:00am - 11:40am
02
Nov

Auction

Thursday
10:00am
471 Papanui Road (Gold Auction Rooms)
20
Nov

Property details

Listing # PI89574 | Listed on 28 October

Information Pack - Click on the following link: https://www.propertyfiles.co.nz/property/L36475256

What a cracker of a property we have at 300 Cranford Street in St Albans directly opposite Placemakers.

A great east west section of 878sqm with a 2014 relocated and consented Lockwood style three-bedroom home at the rear of the site. This is a very tidy double-glazed home with a healthy homes tick, well fenced and a sunny open plan living area that flows to the north facing outdoor area.

Our owner of more than 10 years has recently obtained a resource consent to build a further two homes of approximately 173 m² each on the front of the section.

These two new homes are designed with three bedrooms, two bathrooms plus an internal access double garage. This property has a cash cow written all over it.

Your options are:

  • Live in the rear home and build the 2 homes in front and keep all three as an investment
  • Sell off the back house after some landscaping, then develop the front.
  • Build the front two townhouses and sell them off individually.
  • Hold onto the property as it is and rent or live in the back until you decide what you would like to do

A new opportunity is on the horizon hence the motivation and cash does talk here.

Note this property is for auction, the owner is not GST registered, and he reserves the right to bring the auction date forward with an acceptable offer.

Viewing is available by appointment or through the open homes.

Information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy.

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Additional features

Water closet
2 Separate toilets
Rates
Rates: $4,043.17 per annum
Other Features: Gas Air Heater,1x Bathroom Heater,Solar - Hot Water Only,Fan in Living

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