120/2 Wai-Iti Road, Highfield, Timaru

Nestled in the serene Highfield of Timaru, this 2-bedroom unit with a single carpark is a perfect blend of convenience and comfort. Constructed in 1976 with mixed materials for the walls and iron for the roof, it sits on a level contour and boasts a floor area of 110 square meters under a Cross-Lease title. The property has been well maintained with good wall and roof conditions, making it an ideal bachelor pad or a sound rental investment. Its location is further enhanced by being just a stone’s throw away from the Highfield Mall.

As for the financials, the property’s Capital Value (CV) has seen a growth of 21.82% from $275,000 in 2020 to $335,000 in 2023. HouGarden’s AVM estimates the value at $325,000, while the latest sales were recorded at $435,000 in 2024 and $280,000 in 2018. These figures highlight the increasing desirability of the property in the market.

For families with children, the property falls within the catchment area of several reputable schools. St Joseph's School (Timaru) and Craighead Diocesan School, both with high decile ratings of 7 and 9 respectively, are among the notable institutions in the zone. Other schools include Waimataitai School, Bluestone School, and Roncalli College, catering to various educational needs.

Updated on April 10, 2024