2/40 Elizabeth Street, Seaview, Timaru

Nestled in the heart of Seaview, Timaru, at 2/40 Elizabeth Street, lies this inviting residential unit, a perfect blend of comfort and potential. Constructed in 1984 with robust concrete walls and an Iron roof, this 2-bedroom, 1-bathroom unit with a single carpark exudes a sense of solidity with its good wall and roof conditions. The property sits on a level contour, offering a serene living environment. It's a cross-lease ownership, and the 100sqm floor area provides ample space for a cozy lifestyle.

With a Capital Value (CV) of $395,000 as of September 1, 2023, this property has shown a remarkable increase of 27.42% since 2020. The HouGarden AVM estimates it at $367,500, while the latest sales history shows a significant jump from $72,000 in 1999 to $79,500 in 1996, indicating a consistently appreciating investment. This unit presents a golden opportunity for investors or those looking to downsize, with potential for upgrades and improvements.

When it comes to education, the property falls within a desirable school zone. St Joseph's School (Timaru) and Craighead Diocesan School, both highly rated with deciles of 7 and 9 respectively, are within easy reach. Additionally, Waimataitai School and Roncalli College, with deciles of 6 and 7, provide a range of educational options. This unit is not just a home; it's an investment in a bright future.

Updated on May 31, 2024