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39 Vagues Road,
Northcote, Christchurch City

4 bedrooms
1 bathroom
728m² land size
150m² building size
House

NZD 920,000

Property details

728m RMD Dev: Consented Townhouses with Garages!

To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/vaguesroad.39

Introducing 39 Vagues Road, a prime development opportunity in the heart of Northcote, Christchurch. This 728m2 freehold site comes with approved consents for five architecturally designed townhouses with internal access garages, offering a streamlined path for developers and investors to capitalize on Christchurch's growing property market.

Unit 1:
Bedrooms: 3
Bathrooms: 2 (including one ensuite)

Unit 2:
Bedrooms: 3
Bathrooms: 2 (including one ensuite)

Unit 3:
Bedrooms: 2
Bathrooms: 1.5 Bathrooms

Unit 4:
Bedrooms: 3
Bathrooms: 2 (including one ensuite)

Unit 5:
Bedrooms: 3
Bathrooms: 2 (including one ensuite)

Key Features:
-Consented Development: Plans approved for five modern townhouses, reducing lead time and development costs.
-Strategic Location: Situated in Northcote, a suburb experiencing steady growth, with proximity to Northlands Mall, quality schools, and public transport links.
-Existing Dwelling: The property currently features a 150m² residence built in 1950, offering potential rental income or accommodation during development.

Investment Highlights:
-High Demand Area: Northcote's residential appeal ensures strong buyer interest upon project completion.
-Infrastructure Growth: Ongoing developments in Christchurch enhance the area's desirability and long-term value.
-Favorable Market Conditions: With the Official Cash Rate (OCR) at 4.25% and potential further reductions, borrowing costs may decrease, improving development feasibility.

Next Steps:
Seize this opportunity to invest in a project with significant upside potential in a city poised for continued growth. For detailed plans and to arrange a site visit, please contact us today.

Key Details:
Land Area: 728m2
CV: $870,000
LV: $680,000
IV: $190,000
Rates: $4,888.98
Built:1950
School Zones: Marian College & St Joseph's School (Papanui)
Legal Description: Lot 1 Deposited Plan 17321
Certificate of Title: Freehold

DEADLINE Closes Tuesday 4th February at 3pm (Unless Sold Prior)

To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/vaguesroad.39

Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.

Explore the area

Static map image for property View in Google Maps

School catchments

  • St Joseph's School (Papanui) Full primary Years 1-8 State integrated 0.16km
  • Papanui Primary School Primary Years 1-6 State 0.58km
  • Te Kura o Matarangi - Northcote School Primary Years 1-6 State 1.0km
  • Casebrook Intermediate Intermediate Years 7-8 State 1.0km
  • Christchurch Adventist School Composite Years 1-15 State integrated 1.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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