2/54 Derby Street

Exceptional Opportunity in Sought-After St Albans

Nestled in one of Christchurch's most desirable locations, Derby Street offers the perfect blend of city-fringe convenience and suburban tranquility.

Situated on a quiet street and within top school zones, this 3-bedroom townhouse is a standout opportunity for astute buyers ready to unlock its full potential.

Originally listed for Auction, a recent building report revealed this home is a partial monolithic clad direct-fix build, the balance being plaster over solid block. The current cladding is in good condition, having been replastered and painted in 2021 and has a backup 15-year warranty for added peace of mind.

However, to provide further flexibility for buyers, the price has been significantly reduced to accommodate optional recladding and double-glazing upgrades - both of which have been professionally quoted and are included in the property files.

Key Details:
- RV $780,000
- New Price $720,000
- Current cladding in great condition with a 15-year warranty (replastered and painted in 2021)
- Ample opportunity to add value and reap capital gains
- Building report, LIM, Title, Rental appraisal and quotes for recladding and double glazing are all available

This property is ideal for investors, renovators or homebuyers with a vision. Whether you choose to enjoy it, undertake upgrades to enhance its appeal or hold it as a long-term investment, this is a rare chance to secure a premium address at a reduced price.

With Christchurch's CBD just moments away and interest rates projected to decline, the time to act is now.

Contact us today to arrange your viewing - opportunities like this don't wait!