2/176 Riverlaw Terrace, Saint Martins, Christchurch

Nestled in the serene Saint Martins, Christchurch, this 2-bedroom, 1-bathroom home at 2/176 Riverlaw Terrace boasts a warm and inviting ambiance on a cross-lease title. Constructed in 1975 with concrete walls and tiled roof, both in good condition, the property is set on a level contour with a floor area of 100sqm and a single carpark. The capital value has seen a significant increase from $360,000 in 2019 to $510,000 in 2022, reflecting a growth of 41.67%. The latest sale was recorded at $540,000 in 2023, closely matching the HouGarden AVM of $490,000.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Cashmere High School, Middleton Grange School, and Opawa School, with deciles ranging from 4 to 9. The location is not only convenient for education but also for enjoying the nearby parks and reserves, with easy access to public transport and the scenic Port Hills.

With a generous open plan layout, updated kitchen, and a private deck perfect for summer gatherings, this home offers both comfort and convenience. The recently renovated bathroom and separate toilet, along with a dedicated laundry space, add to the practicality of the home. Opportunities to secure a property with such a promising CV growth and in a sought-after school zone are rare. Don't miss your chance to make this charming property your home.

Updated on October 15, 2024