Nestled in the highly sought-after New Lynn area on 5 Riverview Road, this freehold property is a gem on an easy/moderate fall contour. Constructed in 1940 with robust brick walls and tiled roofing, the dwelling boasts 3 spacious bedrooms, 2 carparks, and a generous floor area of 117sqm on a land area of 463sqm. The capital value has seen a rapid increase of 28.2% from $780,000 in 2017 to $1,000,000 as of June 2021. The HouGarden AVM estimates it at $960,000, while the latest sales were at $642,000 in 2015 and $430,500 in 2012.
With a CV on the rise, this property presents a golden opportunity for investors. It is zoned for Mixed Housing Urban, offering numerous development possibilities. The home is a perfect blend of comfort, convenience, and style, with a large deck, beautiful lawn, and a garden that promises tranquility with minimal maintenance. The property is in the catchment area of well-regarded schools such as Kelston Intermediate (Decile 2) and Kelston Boys' High School (Decile 3), Kelston School (Decile 3), and Kelston Girls' College (Decile 2), ensuring top-notch education for the family.
Embrace the chance to make this charming property your home, in a location that boasts both convenience and an excellent school network.
Updated on April 18, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.07 km | 5 | 2 | -m2 | Year 2024 Month 11 Day 03 | - | Council approved | |
 | 0.10 km | 3 | 3 | 124m2 | Year 2024 Month 10 Day 01 | $855,000 | Council approved | |
 | 0.10 km | 3 | 3 | 124m2 | Year 2024 Month 09 Day 06 | $815,000 | Council approved | |
| 0.10 km | 3 | 3 | 124m2 | Year 2024 Month 09 Day 06 | $834,000 | Council approved | |
 | 0.04 km | 3 | 159m2 | Year 2024 Month 08 Day 25 | $1,010,000 | Council approved |