9 Riverside Lane, Spencerville, Christchurch

Nestled in the tranquility of 9 Riverside Lane, Spencerville, Christchurch, this freehold property boasts a generous floor area of 216 square meters on a levelled land of 1323 square meters. Constructed in 2000 with fibrous cement walls and an iron roof, both in good condition, the residence offers 4 bedrooms and 2 car parks. The property's capital value has seen a remarkable increase of 50%, from $580,000 in August 2019 to $870,000 in August 2022, reflecting its solid investment potential. The latest sale history also shows a significant leap, from $380,000 in December 2017 to $990,000 in October 2024.

According to the HouGarden AVM, the property is valued at $862,500, providing a competitive edge in the market. In terms of education, the property falls within the catchment area of several esteemed schools, including Middleton Grange School (Decile 9), Kaiapoi High School (Decile 7), Emmanuel Christian School (Decile 8), Ouruhia Model School (Decile 8), and more, ensuring a quality education for residents.

Updated on November 27, 2024