15 Marcroft Street, Woolston, Christchurch

Home, Project, Small Development

Enquiries over $260,000

This three bedroom character home has been freshly painted and is ready for a family to enjoy. The living is open plan and flows nicely, it is made cosy with a central modern log burner and a heat pump. The overall house could be further enhanced to create a warm and welcoming family home with upgrades to the kitchen and bathroom which are both functional and tidy however further value could be added OR it is suitably tidy for an investor to rent out straight away.

The house is fully insured and the purchaser will receive $10,500 cash back which is the remaining funds from the EQC payout.

Sited on 688sqm of TC2 land and within the newly zoned 'Residential Medium Density Zone' under the Christchurch District Plan, allowing for higher density development. This is an opportunity to purchase land and build an additional dwelling on the back or do small townhouse development in the future (subject to CCC approval).

The rental range for the area for three bedroom homes is $355pw to $420pw with the median being $390pw allowing a purchaser a potential return close to 7%. Located on a quiet street and an easy distance to Eastgate Mall, ARA Institute of Canterbury - Sullivan Ave Campus and the City Centre.

Family home buyers, project hunters, developers and investors should all look at this property with its many options.