$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000
$800,000

Linwood

677 Gloucester Street

bedrooms 5

bathrooms 1

garages 2

SOLD $800,000

Linwood

677 Gloucester Street

5
1
2

SOLD $800,000

Developers Delight - Divide & Conquer!

Developers Delight - Divide & Conquer!

The options here are limited only by your imagination! This property opens the door to an incredible investment prospect, or with consent already obtained to subdivide (just the 224 left to go), you can land bank and put plans in action to develop. (A Geotech report is available.) Equally, with a little TLC, this property could be the perfect next home for the growing family.

Currently set on a 986m2 section, the original 1920s bungalow retains some traditional features reflective of the era. Following a sizeable extension in 2003, the flexible floorplan also comprises 5 bedrooms, with an open plan kitchen and living area. Or, if you prefer, you could configure to 6 bedrooms, 1 living.

Although a modest and comfortable home as it is, it poses as the ultimate blank canvas for you to add your own mark. For those with lofty renovation ambitions, the world is your oyster! Currently tenanted at $450 per week (well below current market rate of $595 p/w), there's definitely the opportunity to invest now and enjoy later!

Located in North Linwood, perks of the postcode mean you are within easy walking distance to eateries, schools, and parks. The CBD is also a very easy commute away.

This perfect real estate opportunity will not last long. It's time to make plans and make a move!

KEY DETAILS:
Floor Area: 160m2
Land Area: 986m2
RV: $410,000
LV: $155,000
IV: $255,000
Rates$2,814.72
Built 1920 - 1929/Addition 2003
Land: TC 3 / RSDT
EQC: CLM/2010/036705; CLM/2011/123708
Insured through: Aon Risk; Policy #: CHC 067YC 3237378 020; Sum Insured for: $640,445+GST
School Zones: Whatau School, Hagley Community College
Bus routes nearby: Route 5, Or Orbiter
Legal Description: PT LOT 104 DP 1532

PROPERTY DOCUMENTATION:
https://www.najibrealestate.co.nz/677-Gloucester-Street-Linwood

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

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Property Documentation

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Nathan Najib

m027 514 0775

@nathan@najibre.co.nz

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Thank you for downloading this property document. If you have any further questions please contact us on 03 326 7914 or email info@najibre.co.nz

Thank you for downloading this contract. If you have any further questions please contact us on 03 326 7914 or email info@najibre.co.nz

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