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297 Hereford Street

Christchurch Central Canterbury

2
1
615 m²
House
Currently for sale - view listing

Overview

Prime Land…Event Ready!

AUCTION: Wednesday 19 August from 10am, Holmwood Auction Rooms, 397 Ilam Road, Bryndwr (USP) Zoned HRZ, High Density Residential, this property is a prime development site just a few minutes' walk from our magnificent new asset, One NZ Stadium at Te Kaha. Currently home to a 1920s bungalow in two flats, with a land area of 615sqm, this is an increasingly rare opportunity for development in this flourishing location. Within the four avenues and easy walking distance to a host of facilities including Margaret Mahy Playground, the Avon River, New Regent Street and the CBD, this is ready for a new owner to capitalise on Christchurch's Stadium precinct growth with construction of new accommodation. Selling as is where is, both flats in the bungalow are two bedrooms and currently on fixed term leases until February and June 2027, returning $900 per week, thus providing the benefit of an income-producing property that helps offset costs during the planning and consents phase until you're ready to proceed. Our serious seller has held this as an investment for thirteen years with the intention of redevelopment. However, they reside and work in Nelson and now realise that time constraints will not allow them to pursue their plans, creating an exceptional opportunity for a new owner. Drive past, see for yourself, and give us a call! To download property files, please copy and paste the link into your browser: https://www.propertyfiles.co.nz/property/297hereford

Features

2 bedrooms
1 bathroom
615 m² lot size
House

Happy sellers in Christchurch Central

74%
74% of sellers in Christchurch Central reported that their sale price either exceeded or met their price expectations.

Christchurch Central stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 77 reviews in Christchurch Central over the last 12 months.

Local market activity for 2 bedroom houses in Christchurch Central

In the last 12 months, 8 two-bedroom houses similar to 297 Hereford Street, have been sold.

This represents a 14% decrease in two-bedroom houses sales when compared to the previous 12 months.

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