Divan Road, Levels, Timaru

Nestled on Divan Road in the serene Levels, Timaru, this lifestyle property is a vacant land with freehold title, offering a leveled contour and a land area of 55,060 square meters. While the specifics of the building such as the number of bedrooms, bathrooms, and carparks are not available, the property presents a unique opportunity for development. The construction details of the walls and roof are unknown, but the potential is immense in this quiet cul-de-sac.

With a government valuation (CV) of $480,000 as of September 2023, the property has shown a remarkable increase of 43.28% from its $335,000 valuation in September 2020. The HouGarden AVM estimates the property's value at $470,000, and the latest sale on October 2, 2024, sets the bar even higher at $580,000, indicating a promising investment with strong capital value growth.

For families with school-aged children, the property falls within the catchment area of several reputable schools. These include Pleasant Point Primary School, a full primary with a decile rating of 8, St Joseph's School (Timaru) with a decile rating of 7, Mountainview High School (Year 9-15) with a decile rating of 6, Craighead Diocesan School (Year 7-15) with a decile rating of 9, and Roncalli College (Year 9-15) with a decile rating of 7, ensuring access to quality education.

Updated on November 07, 2024