196 Selwyn Street, Marchwiel, Timaru

Nestled in the serene cul-de-sac of 196 Selwyn Street, Marchwiel, Timaru, this freehold property boasts a charming residential dwelling from the 1940s. Constructed with durable brick walls and tiled roofing, the home offers 3 bedrooms, 2 carparks, and a generous floor area of 103sqm on a levelled 599sqm section. The kitchen, with its strategic design, not only maximizes space and storage but also frames a delightful sea view for your morning coffee. The open-plan living is kept comfortable with a choice of a log burner or heat pump. The property has seen a significant Capital Value increase of 28.125% from $320,000 in 2020 to the current $410,000 in 2023. HouGarden's AVM estimates the property at $397,500, while the latest sale history shows a transaction at $438,000 in 2024 and $247,000 in 2014.

For families with school-aged children, the property falls within the catchment area of St Joseph's School (Decile 7) for primary education and Mountainview High School (Decile 6) for secondary education. Other schools in the vicinity include Oceanview Heights School (Decile 2) and Craighead Diocesan School (Decile 9), with Roncalli College (Decile 7) also being an option for secondary education.

With the big expenses taken care of and a new kitchen ready for family dinners, this property is a winner for both first-home buyers and investors looking to secure a piece of real estate in a convenient and coveted school zone.

Updated on August 01, 2024