Linwood

675 Gloucester Street

3
1
2

Guide $475,000 - $545,000

Opportunity Knocks on Gloucester $475,000-$545,000

This is a property with an abundance of promise in a great city location. Extend and evolve - or demolish and develop? The opportunities are endless.

Set on a 508m2 parcel of land, this home has the potential to be a perfect starter home, the next addition to an investment portfolio, or a developer's new playground.

There's no doubt that this c1910 bungalow has wearied a little over the years, but with fresh paint just completed throughout you've got a head start on the updates. But for the project-minded, there's plenty of room to breathe new life into the bones and add value.

The floor plan is currently configured with a kitchen and dining - or family living - at the rear of the house, complete with a log burner. A large separate lounge is situated at the front of the house. There are also 2 spacious bedrooms. With some clever planning and reconfiguration, there is the potential to create an open plan living space, or even fashion a third bedroom.

Gloucester Street holds huge appeal as a city-close location. A 3km commute to the CBD, less than 1km to Eastgate Mall, and numerous other amenities on your doorstep makes it a popular choice for many!

In this fast-paced market, this property will not last. So, don't miss out on the opportunity!

KEY DETAILS:
Floor Area: 120m2
Land Area: 508m2
CV: $330,000
LV: $170,000
IV: $160,000
Rates $2,345.92
Built 1910 - 1919
Land: TC2
EQC: CLM/2010/030576, CLM/2011/050673
Insured through: AMI; Policy #: 3487777D01; Sum Insured for: $524,900
School Zones: Whitau School, Hagley Community College
Bus routes nearby: Route 5, Or Orbiter
Legal Description: LOT 2 DP 12814

PROPERTY DOCUMENTATION:
https://www.najibrealestate.co.nz/675-Gloucester-Street-Linwood

*The accuracy of this information cannot be guaranteed, and all interested parties should seek independent advice.

Open Times

Please contact Nathan Najib to arrange an appointment.

Nathan Najib

m027 514 0775

@nathan@najibre.co.nz