139 Riverlea Estate Drive, Kainga, Christchurch

Nestled in the serene Kainga, Christchurch, this charming dwelling at 139 Riverlea Estate Drive boasts a freehold title on a levelled 503m2 section. Constructed in 1930 with mixed materials for the walls and iron for the roof, this 64m2 floor area home features 2 bedrooms, 1 bathroom, and a single carpark. Despite the poor condition of the walls and roof, the residence exudes quirky comfort with a cozy log burner and a practical bathroom-laundry combination. The property's Capital Value (CV) has seen a 50% increase from $200,000 in 2019 to $300,000 as of 2022, with HouGarden AVM valuing it at $280,000. Notably, it sold for $187,000 in 2015 and $100,000 in 2006. The location is a quiet cul-de-sac, enhancing the appeal of this affordable home. It falls within the catchment of several esteemed schools, including Middleton Grange School (Decile 9) and Emmanuel Christian School (Decile 8), making it an ideal investment for families.

Updated on May 10, 2024