1031 Goulds Road Rolleston, Selwyn District

With a shortage of sections fast becoming apparent in Rolleston, here is an opportunity to take advantage of a piece of real estate with no covenants.

The Selwyn District Council has been working with the land owners in 2016 and are in support of moving the current entrance way to this block (Goulds Road triangle), closer to the Goulds Road roundabout.

There is a current plan available, that has 37 sections on it plus a house that would sit in the open market at approximately $550,000, on a 1000sqm section.

Below is a breakdown of where it could possibly sit in the market;

37 sections x $35,000 per section = $1,295,000
37 sections x $40,000 per section = $1,480,000
37 sections x $45,000 per section = $1,665,000
House + Section = $550,000
Total = $1,845,000 - $2,215,000

The neighbouring blocks are also for sale, should you wish to develop further after this venture.

For more information on this, including what section demand is like in Rolleston at the moment, contact Big Red on brendan.shefford@raywhite.com or 027 224 4733