25 Grasmere Street, Waimataitai, Timaru

Nestled in the serene Grasmere Street, a charming 3-bedroom, 1-bathroom residence with a freehold title awaits. Constructed in the 1930s with brick walls and an iron roof, this home sits on an easy-to-moderate contour with a floor area of 132 sqm and a land area of 852 sqm. Notably, the property has seen a 25% increase in its Capital Value from $400,000 in 2020 to $500,000 as of 2023. The latest sale history boasts a price of $535,000 in 2024, a significant leap from the $270,000 sale in 2013. HouGarden AVM estimates the property's worth at $505,000, making it an attractive investment.

For families, the property falls within the catchment of several esteemed schools. St Joseph's School and Waimataitai School, both with a decile rating of 6 and 7 respectively, cater to primary students, while Mountainview High School and Roncalli College serve secondary students. Craighead Diocesan School, a high decile secondary school, is also in close proximity.

Located in a quiet cul-de-sac, this property is steps away from Caroline Bay and amenities like Pak'nSave, offering a lifestyle of convenience and comfort. The home preserves its 1940's allure while providing scope for modernization. It features a compliant wood fire, two heat pumps, and an HRV system for winter warmth. The securely fenced section with a large lawn and drive-on access to double garaging adds to its appeal.

Updated on September 18, 2024