One of the largest undeveloped land lots 15 minutes from the edge of Christchurch City. Comprising of 10.7432 hectares (more or less) of rurally zoned land, the property is currently subject to a plan change application which would see it rezoned as General Residential to facilitate low-to-medium density housing development.
The property is offered to the market at a time of extraordinary growth across the Selwyn District, which has seen the population rise faster than council planners have predicted.
Under the Council's current growth objectives, the property naturally lends itself to residential utilisation, given a position on the key commuter belt off State Highway 73 and proximity to West Melton, Rolleston and Christchurch.
Featuring two titles of 6.69ha and 4.05ha, the land parcel presents as one of the largest lots primed for redevelopment along greater Christchurch's southern corridor.
West Melton, in particular, has become a key focus area for relocation, which has elevated average property values due to undersupply of housing in the immediate vicinity. Confirmation of the property's rezoning is anticipated prior to 20 August 2023, and, if successful, would provide for more than 118 lots with a minimum average section size of 650sqm under current planning stipulations.
The land is currently leased for cropping whilst also suitable for equine with stables and a tack room. The four-bedroom, meticulously crafted home built in 1991, is designed to embrace the idyllic landscaped surroundings, with a solar-heated pool and beautifully landscaped grounds, this property is a testament to the unwavering dedication of our vendors.
This property presents a unique opportunity to capture the demand for housing against existing infrastructure and proximity to established amenities, providing exceptional development fundamentals.
Further information: https://www.propertyfiles.co.nz/5520375
*Boundary lines are indicative only