1/176 Riverlaw Terrace, Saint Martins, Christchurch

Nestled away from the scenic banks of the Heathcote River, this 2-bedroom, 2-bathroom townhouse on 1/176 Riverlaw Terrace, Saint Martins, Christchurch, presents an attractive opportunity for first-time homeowners or investors. Built in 1975 with a solid concrete exterior and tiled roof, this cross-lease property sits on a level contour with a well-maintained wall and roof condition. The interior spans a floor area of 100sqm, featuring a cozy living and kitchen space on the ground floor, with direct access to a single car garage, while the upper level boasts two sizeable bedrooms, including a master with an ensuite. The property has seen a significant Capital Value (CV) increase of 41.03% from $390,000 in 2019 to $550,000 as of 2022, with a HouGarden AVM estimate of $535,000. Notably, the latest sale history includes transactions in 2012 for $310,000 and in 2005 for $216,500. The townhouse is zoned for the highly esteemed Cashmere High School, among others, with a decile rating of 9. The established outdoor area is fenced, adding to the appeal of this very affordable home, ready for immediate possession.

With a history of appreciating value and a prime school zone, this property is not to be missed, especially with the deadline fast approaching on Fri 9th August at 12pm.

For a comprehensive list of schools in the area, including Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more, this townhouse is centrally located within a network of educational excellence.

Updated on August 30, 2024