Nestled in the serene cul-de-sac of Island Road, Kaiapoi, this charming 1940's residence on a freehold title boasts 2 bedrooms, 1 bathroom, and 4 car parks. Constructed with roughcast walls and an iron roof, this property offers an average condition throughout. Spanning across 85 square meters of floor area and 500 square meters of land, it presents a golden opportunity for renovation or new construction. The capital value has seen a remarkable increase of 50.7%, from $345,000 in August 2019 to $520,000 as of July 2022. The property's appeal is further enhanced by its proximity to top-rated schools, with Rangiora New Life School boasting a decile of 9 and Kaiapoi High School a decile of 7. The HouGarden AVM estimates the property's worth at $500,000, while the latest sale history shows a sale price of $405,000 in March 2024 and $210,000 in May 2009.
With a private, sunny, and sheltered setting, this property is not only ideal for family living but also offers easy access to Silverstream subdivision and its amenities. The established trees and plantings add a touch of nature to this already inviting home. Inside, the open plan kitchen and dining area, separate lounge, and ample storage spaces are perfect for modern living. This property is seriously for sale and awaits your personal touch to unlock its full potential.
For families with children, the school network is a significant plus. The property falls within the zones of Kaiapoi Borough School, a full primary with a decile of 5, and Marian College, a secondary school with a decile of 8, among others. This combination of location, potential, and educational opportunities makes this property an attractive proposition for both investors and homeowners.
Updated on April 17, 2024