152 Downs Road, Geraldine, Timaru

This charming two-bedroom cottage located at 152 Downs Road, Geraldine, Timaru, is a tranquil oasis boasting stunning panoramic views and a host of delightful features. Constructed in 1900 with wood walls and an iron roof, both in average condition, this freehold property spans a floor area of 98m² on a generous land area of 1498m². The interior is very tidy, featuring good carpet and drapes throughout, a lounge that opens out to a sunroom, and a covered patio to enjoy the serene surroundings. The property also includes two generously sized bedrooms, a bathroom with both a bath and a shower, and a standalone hobby or office space. Completing the property is a spacious double garage, perfect for storing vehicles or transforming into a workshop or studio.

From a financial perspective, the property has seen a significant increase in capital value, from $475,000 in September 2020 to $660,000 in September 2023, marking a 38.95% increase. The latest sale was recorded on February 22, 2024, for $580,000, following a previous sale on May 14, 2018, for $435,000. The HouGarden AVM estimates the property's value at $632,500.

In terms of education, the property is well-positioned within the zones of several highly regarded schools, including Geraldine High School and Geraldine Primary School, both with a decile rating of 8, St Joseph's School (Temuka) with a decile of 6, Craighead Diocesan School with a decile of 9, and Roncalli College with a decile of 7.

Updated on April 04, 2024.