Nestled at 24 High Street, Geraldine, Timaru, this charming residential property boasts a freehold title on a level contour. Constructed in 2000 with brick walls and an iron roof, the dwelling maintains an average wall condition and a good roof condition. It features 3 bedrooms, 2 bathrooms, a floor area of 152 square meters, and a land area of 1012 square meters, complete with 2 car parks. The home is heated by a compliant log burner and a heat pump, with a dining area that opens to an outdoor deck, and a single garage with an auto door opener attached to a sleepout.
As for financials, the property's capital value has seen a rapid increase of 37.93% from $435,000 in September 2020 to $600,000 in September 2021. HouGarden AVM estimates the property's value at $557,500, while the latest sale records from March 2024 show a transaction at $635,000, indicating a good investment opportunity. The previous sale in June 2018 was at $430,000.
For families with children, the property falls within the catchment area of several well-regarded schools. Woodbury School is a contributing school with a decile rating of 8. Geraldine High School caters to Year 9-15 students and shares the same decile rating. Other options include St Joseph's School in Temuka with a decile of 6, Craighead Diocesan School with a decile of 9, and Roncalli College with a decile of 7, making this a desirable location for educational pursuits.
Updated on May 28, 2024