53 Tyne Street, Marchwiel, Timaru

Nestled in the tranquility of a quiet cul-de-sac at 53 Tyne Street, Marchwiel, Timaru, this charming 1950's residential dwelling offers a blend of classic appeal and modern convenience. The freehold property boasts 3 bedrooms, 1 bathroom, a single carpark, and a floor area of 99 square meters on a spacious 716 square meter plot. Its exterior walls, constructed of wood, and the tiled roof are in average condition, reflecting the property's cozy vintage charm. The capital value has seen a rapid increase of 48.94% over the past three years, jumping from $235,000 to the current $350,000 as per the latest government valuation. The HouGarden AVM estimates the property at $325,000, while the latest sale history shows a significant leap from $140,000 in 2010 to $360,000 in 2022, indicating a promising investment opportunity.

With a heat pump and a renovated bathroom, the home offers comfortable living. The property's contour is level, and the back yard is tidy, making it an ideal space for children and pets. The location is further enhanced by its proximity to schools, with St Joseph's School (Timaru) and Mountainview High School, both with impressive decile ratings of 7 and 6 respectively, being part of the school zone. Oceanview Heights School and Craighead Diocesan School, along with Roncalli College, offer a range of educational options for families.

Whether you seek a starter home or a sound investment, this property presents an excellent opportunity. Currently tenanted at $440.00 per week, it's a perfect choice for first home buyers, investors, or small families looking to enter the Timaru housing market.

Updated on June 20, 2024