40 Riverlaw Terrace, Saint Martins, Christchurch

Nestled in the serene Saint Martins, this 3-bedroom, 1-bathroom residence with a double carpark on a 565m² freehold section is a gem. Constructed in 1980 with concrete walls and tiled roof, both in good condition, the property is a sun-drenched haven with potential for renovation. The capital value has seen a 60.44% increase from $455,000 in 2019 to $730,000 as of 2022. The HouGarden AVM estimates it at $680,000, while the latest sale was in 1996 for $145,000. Enjoying a prime location, it's in the zone for top schools like Villa Maria College (decile 9) and Cashmere High School (decile 9), among others.

With a spacious floor area of 100m², this home features a dining area, separate living, and a deck that overlooks the river, offering tranquility. The family-sized section has apple trees and grape vines, adding to the picturesque backdrop. This property is perfect for those seeking a peaceful retreat in a desirable neighborhood with easy access to amenities and parks.

Part of a sought-after school zone, the area boasts highly-rated educational institutions such as St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more. This river view gem in Saint Martins is an opportunity not to be missed.

Updated on May 22, 2024