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Back 48 Hoon Hay Road
Off Market

48 Hoon Hay Road

Hoon Hay Canterbury

3
3
672 m²
House
Rebecca ManawatuRebecca Manawatu, last sold this property on 09 September 2026 after 26 days on market.

Overview

SOLD UNDER THE HAMMER

Auction (unless sold prior) From 11am, Thu 10 Sep 2026 3 Deans Avenue, Chch Auction is fast approaching, with this being the final week to view. Multiple incomes, one strategic investment. Calling investors, developers and astute owner-occupiers - this is an opportunity worth serious consideration. Offering an appealing combination of multiple rental incomes, strong underlying land value and future development potential, this substantial 672sqm (more or less) parcel of Medium Density zoned land presents a compelling proposition for those looking to strengthen their property portfolio. The approximately 180sqm house has been thoughtfully configured into three self-contained one-bedroom flats on one title, each with its own kitchen, bathroom, living area and dedicated carport. This configuration provides flexibility and diversification across three income streams, while the generous landholding adds an important layer of long-term value. • Flat 1 features a bedroom, kitchen, spacious and sunny living area with heat pump, bathroom and adjoining laundry facilities. The single carport is a bonus • Flat 2 provides a bedroom, kitchen and generous, sun-filled living area with heat pump, together with a modern bathroom and separate laundry facilities. A single carport is also on offer here • Flat 3 comprises a bedroom, tidy kitchen and spacious living area with heat pump, plus a bathroom with separate toilet and laundry facilities. A single carport and additional off-street parking are also provided Currently returning $710.00 per week from long-term periodic tenancies, rental appraisals indicate potential income of up to $1,170.00 per week, providing scope to improve the property's income performance. Beyond the immediate rental returns, the 672sqm (more or less) Medium Density zoned landholding provides an attractive proposition for developers and land bankers alike. Whether your strategy is to continue generating income while holding the land for future development, or to explore its longer-term development potential, this property offers flexibility rarely found in such a well-established investment. The vendors are undertaking a portfolio reduction and committed to selling on or before auction day. Properties offering this blend of multiple income streams and substantial Medium Density zoned land are increasingly difficult to find. To download the information pack for this property, please copy the below link into your web browser: https://new.propertyfiles.co.nz/listing/153

Features

3 bedrooms
3 bathrooms
672 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Hoon Hay over the last 12 months, the estimated median property value of 48 Hoon Hay Road is $720k.

Median value
$720k
Estimated value range
$514.5k - $1.6m
Median days on market
23
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Hoon Hay. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 48 Hoon Hay Road

2026
Sold
Undisclosed
09 Sep 2026 by Rebecca Manawatu, of Bayleys Christchurch (Whalan and Partners Ltd)
2026
Sold
$750,000
Auction Sale on 09 Sep 2026 by Grace Bruere

Happy sellers in Hoon Hay

91%
91% of sellers in Hoon Hay reported that their sale price either exceeded or met their price expectations.

Hoon Hay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 76 reviews in Hoon Hay over the last 12 months.

Local market activity for 3 bedroom houses in Hoon Hay

In the last 12 months, 66 three-bedroom houses similar to 48 Hoon Hay Road, have been sold.

This represents a 39% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Hoon Hay

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Murray Groves

Sellers who recommend Murray Groves have praised them for being local expert, clear communication, supportive, dedicated, responsive, honest and reliable

  •   5   (60 reviews)
  •  5 Reviews in Hoon Hay
  •  3 Sales in Hoon Hay
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Dean Cations

Dean Cations is a recommended agent for Hoon Hay.  They have 5 local sales and collected 3 local reviews across the last 12 months.

  •   5   (40 reviews)
  •  3 Reviews in Hoon Hay
  •  5 Sales in Hoon Hay
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Sarah Monk

Sarah Monk is a recommended agent for Hoon Hay.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  3 Reviews in Hoon Hay
  •  4 Sales in Hoon Hay
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Manny Chambers

Sellers who recommend Manny Chambers have praised them for being clear communication, local expert, supportive, responsive, dedicated, friendly and pleasant

  •   5   (55 reviews)
  •  3 Reviews in Hoon Hay
  •  2 Sales in Hoon Hay
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