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5 Kermode Street

Ashburton Canterbury

4
1
123 m²
915 m²
House
Currently for sale - view listing

Overview

Buy For Today. Plan For Tomorrow.

$259,000+ buys you a whole lot of opportunity here! Live in it. Rent it. Landbank it. Or look beyond what is here today and investigate what this strategically positioned property could offer in the future. Located close to Ashburton's CBD, supermarkets and retail, this is a central site with dual street access and Residential A zoning. There may be potential for developers and investors to explore apartments, townhouses, terrace housing or multi unit development, subject to council requirements and necessary consents. For buyers simply looking for an affordable property with potential for a lower deposit requirement, the attraction is much more immediate. You can secure the home without having to fund the cost of the underlying land. The property is held under a Glasgow Lease, creating a very different proposition from conventional freehold ownership, but also a significantly lower initial purchase price. That could suit an owner occupier wanting to get into a home at a price becoming increasingly difficult to find. And for the property savvy buyer there is another layer entirely. There may also be an opportunity to purchase the underlying freehold land in the future, subject to negotiation and agreement with the landowner. This is not a conventional property purchase. Purchasers are advised to undertake their own due diligence regarding the Glasgow Lease, ground rent, zoning, development potential, lending requirements and any future purchase of the underlying land. (Information sourced from RPNZ/Property Smarts and not verified).

Features

4 bedrooms
1 bathroom
123 m² floor area
915 m² lot size
House

Happy sellers in Ashburton

85%
85% of sellers in Ashburton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 38 reviews in Ashburton over the last 12 months.

Local market activity for 4 bedroom houses in Ashburton

In the last 12 months, 7 four-bedroom houses similar to 5 Kermode Street, have been sold.

This represents a 100% decrease in four-bedroom houses sales when compared to the previous 12 months.

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