430 and 432 Armagh Street LINWOOD, Christchurch City

These two houses on one title are within walking distance of the proposed green edge of Christchurch's new CBD. Both are currently tenanted and showing excellent returns. With an extra wide street frontage and a total of 1,012m2 of L3 land there is huge potential to develop here, but with an income stream already in place there is no pressure to change the status quo until the time is right. Demand for rental properties is already out stripping supply and the rebuild has barely begun. Land bank for the future and collect income in the meantime, live in one and renovate the other, or rip straight into it the new owner will decide what comes next.

The front home is a character three bedroom villa sitting in its own private garden oasis. With a modern double garage at the back and plenty of off-street parking there is great scope here for the home renovator with a keen eye for charm and heritage. Behind this sits another sturdy three bedroom home with double garage and off street parking. Both houses are solidly built and are good examples of their era with heaps of scope in both cases to update if desired.

Some people don't recognise opportunities until too late how's your timing?

In summary:
1012m2 of L3 land on the edge of the Christchurchs new CBD
Huge development potential with good holding income until you're ready and the time is right
One title, two three bedroom homes currently rented for $690 per week.
With exciting future plans for our CBD being released every day those with the vision and those that are astute will want to look further into this one!