128 Riverlea Estate Drive, Kainga, Christchurch

Nestled in the serene Kainga community, this charming 2-bedroom, 1-bathroom cottage on 365 sqm of freehold land is a unique opportunity. Constructed in 1930 with a mix of materials for the walls and iron for the roof, it offers a fair condition throughout. The property, located at 128 Riverlea Estate Drive, is complemented by a carpark, a floor area of 57 sqm, and is set on a level contour. The capital value has seen a 50% increase from $200,000 in 2019 to $300,000 as of 2022, with a HouGarden AVM estimate of $275,000. Notably, the latest sale history includes transactions in 2006 for $75,000 and in 1994 for $49,500.

For families, the property falls within a desirable school zone. It includes high decile schools such as Middleton Grange School (decile 9), Emmanuel Christian School (decile 8), and Marian College (decile 8), among others. This combination of semi-rural living and educational excellence makes it an attractive prospect.

Backing onto a reserve with access to the Waimakiriri River, the property is perfect for nature enthusiasts. It features an open-plan kitchen and dining area, a separate lounge, a deck overlooking established gardens, and additional amenities like a garage, shed, and workshop. With a log burner and heat pump for the colder months, and solar-owned hot water for energy efficiency, this home is a blend of classic charm and modern comfort.

Updated on December 09, 2024