Nestled in the heart of Kainga, Christchurch, 72 Riverlea Estate Drive is a charming residential dwelling that boasts a rich history dating back to 1930. This freehold property features 2 bedrooms, 1 bathroom, and a carpark, spread across a floor area of 59 square meters and a generous land area of 365 square meters. The house, constructed with wood walls and an iron roof, presents an average condition for both, set on a level contour. The property's allure is further enhanced by its newly painted neutral interiors, a spacious living area, a practical kitchen, and a cozy outdoor courtyard complete with a hand-crafted pizza oven, garden sheds, and established fruit trees.
Over the years, the capital value of this property has seen a significant increase, from $270,000 in August 2018 to $350,000 in August 2021, marking a growth of approximately 29.63%. The latest sale recorded on December 14, 2023, was at $420,000, up from $235,000 in May 2007. The HouGarden AVM estimates the property's value at $342,500, highlighting its steady appreciation in the market.
Education is a priority for residents in the area, with access to a range of schools including Middleton Grange School (Composite, Decile 9), Kaiapoi High School (Secondary, Decile 7), Belfast School (Full Primary, Decile 7), and several others, ensuring a variety of options for families with children of different ages. The property's location near the river, parks, and outdoor activities, combined with its proximity to amenities in Northwood or Kaiapoi, makes it an ideal choice for those seeking a blend of comfort and convenience.