5 Newton Street, Watlington, Timaru

Introducing a charming three-bedroom residence at 5 Newton Street, Watlington, Timaru, perfect for those stepping into home ownership. This delightful property features one bathroom, one carpark, and spans a floor area of 120m² on a generous land area of 809m². Boasting a freehold ownership type, the house is constructed with a durable roughcast wall and stylish tile roof, dating back to 1940. The property's level contour, average wall and roof condition, alongside its residential dwelling category, make it an appealing choice for families or investors alike.

Over the years, the capital value of this property has seen a significant increase, from $320,000 in September 2020 to $400,000 in September 2023, marking a 25% growth. The latest sale recorded on January 24, 2024, was at $438,500, up from $206,000 back in November 2012. The HouGarden AVM estimates the property's value at $382,500, highlighting its potential as a valuable asset.

Located in a prime school zone, this property is within reach of several reputable schools, including St Joseph's School (Timaru) with a decile rating of 7, Craighead Diocesan School with a decile of 9, Timaru South School at decile 2, and Roncalli College, also rated decile 7. These educational institutions offer a range of learning environments from full primary to secondary (Year 7-15 and Year 9-15), ensuring a quality education for children of all ages.

Updated on April 04, 2024.