Under conditional contract - backup offers invited until 5pm 17 December.

Opportunity on Worcester Street – 759m² MRZ Land – Renovate, Infill, or Develop

This property offers a versatile acquisition for builders and developers alike. Whether the strategy is renovation or full site redevelopment, the fundamentals here support a range of solid development outcomes.

The site is a clean, rectangular 759m² block (15.1m × 50.25m) with existing southern-side vehicle access. The 3-bedroom dwelling is vacant and sold on an “As Is, Where Is” basis. It was uninsured during the Canterbury earthquakes and carries no EQC/NHC claim history, providing a clear pathway for buyers considering repair and future insurability.

Development Options
• Full Redevelopment: Clear the site for approximately 4–6 townhouses or 2–3 larger dwellings (subject to consent)
• Renovate & Hold: Repair the existing weatherboard home to capture immediate equity or rental yield
• Renovate & Infill: Refurbish the front dwelling and utilise the driveway width to develop the rear section

Site Specifications
• 759m² – 15.1m × 50.25m
• Medium Density Residential (MRZ)
• TC2 – simplifying foundation and geotechnical requirements
• Not identified on LLUR or HAIL registers
• Located in the Flood Management Area (FMA) – typical for the suburb

Offer Guidance
• Offers over $530,000, reflecting a competitive entry point relative to recent sales
• Unconditional or limited-condition offers preferred
• Short settlement period (less than 1 month preferred)

Deadline Sale: All offers to be submitted by 5:00pm, Wednesday 17 December (unless sold prior). The vendor reserves the right to negotiate with selected parties.

Contact us or visit https://706worcesterstreet.carrd.co/ to download the full property information pack, including recent comparable site sales and a 3D scan of the existing house.

Limitations: All information has been provided in good faith and is considered accurate at the time of publication. Prospective purchasers are encouraged to complete their own independent due diligence and rely on their own investigations before submitting an offer.