54 St Albans Street, Merivale, Christchurch City, Canterbury

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With consented plans available for two townhouses this is an opportunity presented 'on a plate' for an astute investor or developer! Currently home to a 1920's bungalow, the 531sqm of land is zoned High Density Residential, but given the scarcity of Merivale building sites, this could also be a great spot for a single executive home!

Whatever your plans, although the house is being offered 'As Is', it is currently tenanted and there is plenty of life left in this cute bungalow. Why not continue with the status quo while you progress your ideas? Most of the joinery has been replaced with aluminium, there is an adequate kitchen, the bathroom has been upgraded, and there is a log burner and heat pump, Plenty of off-street parking will appeal to tenants, and of course this is a location constantly in demand.

Our pragmatic sellers have held this as an investment for nearly thirteen years and are now keen to cash up. They are realistic in their expectations, so despite the RV, this could be more affordable than you think!

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.