73 Ranui Avenue, Waimataitai, Timaru

This captivating 3-bedroom Summerhill Stone home, located at 73 Ranui Avenue, Waimataitai, Timaru, is a gem in the heart of the city. Built in 1964, this residential dwelling spans a floor area of 121 square meters on a generous 784 square meter freehold land. The property features concrete walls and an iron roof, both in average condition, and is perfectly situated on level ground. The interior boasts a separate lounge with feature glass doors, a sunroom, and an open-plan kitchen and dining area with beautiful Rimu joinery. The bathroom has been recently refurbished with Rimu flooring, complementing the inbuilt wardrobes in all bedrooms and the spacious master bedroom that enjoys afternoon sun. Outdoors, a fully-fenced backyard with fruit trees awaits, alongside ample off-street parking suitable for a motorhome or boat.

The property has seen a significant capital value increase from $420,000 in September 2020 to $530,000 in September 2023, marking a 26.19% growth. The HouGarden AVM estimates its value at $520,000, with the latest sale recorded at $510,000 in January 2024, following a previous sale at $530,000 in December 2021. This demonstrates the property's strong market appeal and investment potential.

Education is well catered for, with the property falling within the zones of several reputable schools. St Joseph's School (Timaru) and Waimataitai School, both full primary schools, have deciles of 7 and 6, respectively. For secondary education, Mountainview High School and Roncalli College offer comprehensive learning environments with deciles of 6 and 7, while Craighead Diocesan School stands out with a decile of 9. This diverse range of educational options underscores the family-friendly nature of the area, making 73 Ranui Avenue an ideal home for those prioritizing quality schooling.